Bryn Mawr Capital Management LLC Decreases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bryn Mawr Capital Management LLC lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 97.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,043 shares of the company’s stock after selling 301,599 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Keurig Dr Pepper were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $61,000. R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of 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 purchasing an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of several recent research reports. Citigroup cut their price target 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. UBS Group cut their target price on 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 cut their target price on 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. Barclays cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Piper Sandler started coverage on Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price for the company. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.50.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Trading Up 2.7 %

KDP opened at $34.04 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The business has a fifty day simple moving average of $31.80 and a 200-day simple moving average of $33.95. The firm has a market cap of $46.17 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.39 and a beta of 0.61. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper Announces Dividend

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

Keurig Dr Pepper Company 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.