Apollon Wealth Management LLC Acquires 5,729 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Apollon Wealth Management LLC increased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 29.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,900 shares of the company’s stock after acquiring an additional 5,729 shares during the period. Apollon Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $800,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Tobam lifted its stake in shares of Keurig Dr Pepper by 140.6% in the fourth quarter. Tobam now owns 77,477 shares of the company’s stock worth $2,489,000 after buying an additional 45,274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Keurig Dr Pepper by 12.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,722 shares of the company’s stock worth $4,713,000 after buying an additional 16,439 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after buying an additional 242,315 shares in the last quarter. Tectonic Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 13.7% in the fourth quarter. Tectonic Advisors LLC now owns 26,504 shares of the company’s stock worth $851,000 after buying an additional 3,198 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its stake in shares of Keurig Dr Pepper by 2.7% in the fourth quarter. Money Concepts Capital Corp now owns 76,437 shares of the company’s stock worth $2,455,000 after buying an additional 2,025 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 2.1 %

Shares of KDP stock opened at $31.56 on Wednesday. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The stock has a market cap of $42.81 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.16 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $31.95 and a two-hundred day simple moving average of $34.07.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.92%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Analysts Set New Price Targets

KDP has been the topic of several analyst reports. UBS Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped 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 research note on Friday, October 25th. Citigroup dropped their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. 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 report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.