Liberty One Investment Management LLC Purchases 13,077 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Liberty One Investment Management LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 720,890 shares of the company’s stock after purchasing an additional 13,077 shares during the quarter. Keurig Dr Pepper makes up 2.5% of Liberty One Investment Management LLC’s portfolio, making the stock its 19th largest position. Liberty One Investment Management LLC’s holdings in Keurig Dr Pepper were worth $23,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. FMR LLC lifted its holdings in shares of Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp raised its stake in Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Keurig Dr Pepper by 2.7% in the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock worth $841,886,000 after acquiring an additional 591,316 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after acquiring an additional 730,297 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Keurig Dr Pepper by 2.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock valued at $445,648,000 after acquiring an additional 317,837 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now directly owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 1.1 %

KDP stock opened at $31.62 on Friday. 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 Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The company’s 50-day simple moving average is $32.28 and its 200-day simple moving average is $34.18. The firm has a market cap of $42.89 billion, a P/E ratio of 19.16, a PEG ratio of 2.20 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research analyst reports. Jefferies Financial Group dropped 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 report on Friday, October 25th. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Piper Sandler started 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. Six investment 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 a consensus price target of $37.50.

Keurig Dr Pepper 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.