Keurig Dr Pepper Inc. (NASDAQ:KDP) Holdings Raised by RWC Asset Management LLP

RWC Asset Management LLP increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 34.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,553,095 shares of the company’s stock after acquiring an additional 398,916 shares during the quarter. Keurig Dr Pepper accounts for approximately 2.5% of RWC Asset Management LLP’s holdings, making the stock its 5th largest holding. RWC Asset Management LLP’s holdings in Keurig Dr Pepper were worth $49,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after purchasing an additional 242,315 shares during the last quarter. Pathstone Holdings LLC grew its stake in Keurig Dr Pepper by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after acquiring an additional 22,657 shares during the last quarter. Franklin Resources Inc. increased its holdings in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after acquiring an additional 41,466 shares in the last quarter. Swedbank AB raised its position in Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after acquiring an additional 13,179 shares during the last quarter. Finally, LMR Partners LLP lifted its holdings in shares of Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after purchasing an additional 186,002 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 2.7 %

KDP stock opened at $34.04 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $46.17 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.42 and a beta of 0.61. The business has a fifty day simple moving average of $31.80 and a 200-day simple moving average of $33.94. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper Dividend Announcement

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

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent research reports. TD Cowen reduced their price objective 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. Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price on the stock. UBS Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company cut their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.