Janney Montgomery Scott LLC Purchases 1,068 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Janney Montgomery Scott LLC raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,635 shares of the company’s stock after purchasing an additional 1,068 shares during the period. Janney Montgomery Scott LLC’s holdings in Keurig Dr Pepper were worth $2,654,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Keurig Dr Pepper during the third quarter valued at $25,000. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter worth about $35,000. Hexagon Capital Partners LLC raised its position in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $61,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after purchasing an additional 684 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped 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 report on Tuesday, January 7th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price objective on the stock. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Royal Bank of Canada upped their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.50.

Insider Activity at Keurig Dr Pepper

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

Keurig Dr Pepper Trading Down 0.4 %

NASDAQ:KDP opened at $32.10 on Friday. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The business has a fifty day moving average of $32.12 and a 200-day moving average of $34.13. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed 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. This represents a $0.92 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s payout ratio is presently 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.