abrdn plc Increases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

abrdn plc grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,478,125 shares of the company’s stock after buying an additional 136,654 shares during the period. abrdn plc owned approximately 0.11% of Keurig Dr Pepper worth $47,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the third quarter worth $35,000. Hexagon Capital Partners LLC lifted 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 purchasing an additional 530 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at $61,000. Finally, R Squared Ltd bought a new stake in Keurig Dr Pepper in the 4th quarter worth about $70,000. Institutional investors own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price 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. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Down 3.9 %

NASDAQ KDP opened at $31.28 on Wednesday. The stock’s 50-day moving average price is $32.10 and its 200-day moving average price is $34.14. The company has a market capitalization of $42.43 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 2.24 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 Inc. has a 52 week low of $28.61 and a 52 week high of $38.28.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.94%. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KDP shares. Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Citigroup lowered their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company cut their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Six equities 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, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $37.50.

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.