Blue Trust Inc. Cuts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Blue Trust Inc. lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 42.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,159 shares of the company’s stock after selling 1,607 shares during the period. Blue Trust Inc.’s holdings in Keurig Dr Pepper were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KDP. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after acquiring an additional 300 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Keurig Dr Pepper by 1.2% in the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after acquiring an additional 342 shares during the last quarter. Custom Index Systems LLC lifted its holdings in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after acquiring an additional 357 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock valued at $532,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KDP shares. TD Cowen lowered their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of 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 research note on Thursday, December 12th. UBS Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company decreased 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 note on Tuesday, January 7th. Finally, Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $34.04 on Monday. The firm has a market cap of $46.17 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The firm’s 50 day simple moving average is $31.80 and its 200-day simple moving average is $33.94. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper Announces Dividend

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

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate 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.