Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Tobam

Tobam lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 140.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,477 shares of the company's stock after buying an additional 45,274 shares during the quarter. Tobam's holdings in Keurig Dr Pepper were worth $2,489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KDP. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC raised its position in Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after purchasing an additional 530 shares during the period. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper in the third quarter worth $61,000. Finally, Catalyst Capital Advisors LLC boosted its position in Keurig Dr Pepper by 52.1% during the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock valued at $75,000 after buying an additional 684 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. UBS Group dropped their price objective on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Citigroup reduced their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares of the company's stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP traded up $0.48 during mid-day trading on Tuesday, reaching $31.38. The company had a trading volume of 3,080,921 shares, compared to its average volume of 8,047,133. The stock has a market capitalization of $42.56 billion, a P/E ratio of 19.03, a PEG ratio of 2.16 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The stock has a 50 day moving average of $31.95 and a two-hundred day moving average of $34.07. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.93%. Keurig Dr Pepper's payout ratio is 55.76%.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.