Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,886 shares of the company’s stock after selling 611 shares during the period. Stephens Inc. AR’s holdings in Keurig Dr Pepper were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in Keurig Dr Pepper during the 3rd quarter valued at $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $35,000. Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper during the third quarter worth about $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper in the fourth quarter worth about $70,000. Finally, Catalyst Capital Advisors LLC increased its holdings in Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after buying an additional 684 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

KDP opened at $31.65 on Monday. 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 business’s 50 day moving average is $31.87 and its 200-day moving average is $34.01. The stock has a market cap of $42.93 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Analyst Ratings Changes

A number of research analysts have commented on KDP shares. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Jefferies Financial Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group dropped their price objective 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. Six equities 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired 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 of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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.