Catalyst Capital Advisors LLC Has $127,000 Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Catalyst Capital Advisors LLC lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 97.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,946 shares of the company’s stock after acquiring an additional 1,949 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $127,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KDP. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at $25,000. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter worth about $35,000. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the 3rd quarter worth about $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $70,000. Finally, Private Trust Co. NA lifted its holdings in Keurig Dr Pepper by 51.5% during the 3rd quarter. Private Trust Co. NA now owns 2,967 shares of the company’s stock worth $111,000 after buying an additional 1,008 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $32.45 on Wednesday. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The firm has a market capitalization of $44.02 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.16 and a beta of 0.61. The business has a 50-day simple moving average of $31.81 and a 200 day simple moving average of $33.97. 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. 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 report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, UBS Group cut their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Insider Activity at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which can be accessed 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.