Legal & General Group Plc reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,652,441 shares of the company’s stock after selling 72,891 shares during the quarter. Legal & General Group Plc owned about 0.64% of Keurig Dr Pepper worth $242,355,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Keurig Dr Pepper during the third quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $26,000. Clearstead Trust LLC increased its stake in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares during the last quarter. Finally, Activest Wealth Management boosted its position in shares of Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after buying an additional 1,072 shares during the period. 93.99% of the stock is owned by institutional investors.
Keurig Dr Pepper Stock Up 1.9%
Keurig Dr Pepper stock opened at $30.10 on Thursday. The business has a fifty day moving average of $27.52 and a two-hundred day moving average of $27.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The firm has a market cap of $40.95 billion, a P/E ratio of 22.30, a P/E/G ratio of 1.35 and a beta of 0.41. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94.
Keurig Dr Pepper Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on KDP. Evercore set a $30.00 target price on Keurig Dr Pepper in a research report on Friday, April 24th. Citigroup dropped their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.57.
Read Our Latest Stock Analysis on Keurig Dr Pepper
Keurig Dr Pepper Company Profile
Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.
The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.
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