Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by RWC Asset Management LLP

RWC Asset Management LLP boosted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,553,095 shares of the company’s stock after acquiring an additional 398,916 shares during the quarter. Keurig Dr Pepper accounts for about 2.5% of RWC Asset Management LLP’s holdings, making the stock its 5th biggest holding. RWC Asset Management LLP owned 0.11% of Keurig Dr Pepper worth $49,885,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. World Equity Group Inc. raised its stake in Keurig Dr Pepper by 102.4% in the fourth quarter. World Equity Group Inc. now owns 21,932 shares of the company’s stock valued at $704,000 after buying an additional 11,097 shares in the last quarter. Forvis Mazars Wealth Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 23.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 29,237 shares of the company’s stock valued at $939,000 after acquiring an additional 5,494 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of Keurig Dr Pepper by 3.1% during the 4th quarter. Howard Capital Management Inc. now owns 25,993 shares of the company’s stock worth $835,000 after acquiring an additional 787 shares in the last quarter. TCW Group Inc. lifted its stake in Keurig Dr Pepper by 3.4% during the fourth quarter. TCW Group Inc. now owns 384,444 shares of the company’s stock worth $12,348,000 after purchasing an additional 12,542 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $3,318,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This 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. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $34.04 on Monday. The stock has a fifty day moving average price of $31.80 and a 200 day moving average price of $33.94. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market cap of $46.17 billion, a PE ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. UBS Group cut their price target 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. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.