Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.7% in the fourth quarter, HoldingsChannel reports. The firm owned 26,504 shares of the company’s stock after buying an additional 3,198 shares during the period. Tectonic Advisors LLC’s holdings in Keurig Dr Pepper were worth $851,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB increased its stake in Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares during the period. Pathstone Holdings LLC increased its stake in Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after buying an additional 22,657 shares during the period. Franklin Resources Inc. lifted its holdings in Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after buying an additional 41,466 shares in the last quarter. LMR Partners LLP boosted its position in Keurig Dr Pepper by 55.5% in the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after buying an additional 186,002 shares during the period. Finally, Curi RMB Capital LLC raised its stake in shares of Keurig Dr Pepper by 9.4% in the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock valued at $23,539,000 after acquiring an additional 54,167 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, for a total transaction 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. The trade was a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of several recent research reports. Barclays cut their price target on 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. reduced their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup decreased their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada increased 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 report on Friday, October 25th. Finally, 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 research report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Stock Down 0.5 %

Keurig Dr Pepper stock opened at $31.13 on Thursday. The stock has a 50-day simple moving average of $32.08 and a 200-day simple moving average of $34.13. The company has a market capitalization of $42.23 billion, a P/E ratio of 18.87, a PEG ratio of 2.24 and a beta of 0.61. 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 Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s payout ratio is currently 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.