World Equity Group Inc. Has $704,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

World Equity Group Inc. raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 102.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,932 shares of the company's stock after buying an additional 11,097 shares during the quarter. World Equity Group Inc.'s holdings in Keurig Dr Pepper were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $35,000. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $61,000. R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $70,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Keurig Dr Pepper by 52.1% during the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company's stock worth $75,000 after purchasing an additional 684 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 target price on the stock. Barclays dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. TD Cowen decreased their price target on 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus target price of $37.50.

Keurig Dr Pepper Stock Performance

KDP traded up $0.08 during trading on Monday, hitting $34.12. The stock had a trading volume of 15,291,826 shares, compared to its average volume of 8,981,652. The company has a 50 day moving average price of $31.80 and a 200-day moving average price of $33.94. The firm has a market cap of $46.28 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.70%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Company Profile

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.