Asset Dedication LLC Trims Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Asset Dedication LLC decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,077 shares of the company’s stock after selling 856 shares during the period. Asset Dedication LLC’s holdings in Keurig Dr Pepper were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth $35,000. Hexagon Capital Partners LLC grew its stake in shares of Keurig Dr Pepper by 105.6% in the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 530 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at $61,000. Finally, R Squared Ltd acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.7 %

Shares of NASDAQ:KDP opened at $31.86 on Thursday. The firm has a 50 day simple moving average of $32.13 and a 200-day simple moving average of $34.16. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $43.22 billion, a PE ratio of 19.31, a P/E/G ratio of 2.19 and a beta of 0.62.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.89%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. Citigroup reduced their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

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.