Board of the Pension Protection Fund Takes $209,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Board of the Pension Protection Fund purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,500 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper in the third quarter worth approximately $35,000. Hexagon Capital Partners LLC grew its holdings in shares of Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $61,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $30.97 on Thursday. 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 stock has a 50-day simple moving average of $32.38 and a two-hundred day simple moving average of $34.23. The firm has a market capitalization of $42.01 billion, a PE ratio of 18.77, a P/E/G ratio of 2.59 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.97%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KDP. Citigroup reduced their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Royal Bank of Canada lifted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays lowered their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Piper Sandler initiated coverage on shares of 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.93.

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.