R Squared Ltd Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

R Squared Ltd purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,190 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the third quarter worth $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth about $35,000. Hexagon Capital Partners LLC raised its stake 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 valued at $39,000 after purchasing an additional 530 shares during the last quarter. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at about $61,000. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 52.1% during the 3rd 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 last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KDP. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, Citigroup decreased their price target 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Insider Activity at Keurig Dr Pepper

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 shares were bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Trading Down 0.4 %

Shares of KDP stock opened at $32.10 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 fifty-two week low of $28.61 and a fifty-two week high of $38.28. The firm’s 50 day moving average price is $32.12 and its two-hundred day moving average price is $34.13. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.87%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

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.