2,190 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by R Squared Ltd

R Squared Ltd bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,190 shares of the company’s stock, valued at approximately $70,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KDP. Creative Planning boosted its position in shares of Keurig Dr Pepper by 73.6% during the 2nd quarter. Creative Planning now owns 65,691 shares of the company’s stock worth $2,194,000 after purchasing an additional 27,860 shares during the period. Truist Financial Corp grew its stake in shares of Keurig Dr Pepper by 169.3% in the second quarter. Truist Financial Corp now owns 238,251 shares of the company’s stock valued at $7,958,000 after buying an additional 149,776 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at $2,564,000. AMF Tjanstepension AB purchased a new stake in Keurig Dr Pepper during the third quarter worth about $2,557,000. Finally, Czech National Bank increased its stake in Keurig Dr Pepper by 8.3% during the 3rd quarter. Czech National Bank now owns 215,474 shares of the company’s stock worth $8,076,000 after buying an additional 16,570 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup dropped their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. UBS Group reduced their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 16th. TD Cowen dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their price objective 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Stock Down 0.4 %

Shares of NASDAQ:KDP opened at $32.10 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $32.12 and its 200-day simple moving average is $34.13. The company 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.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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.