Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.6% during the 4th quarter, HoldingsChannel reports. The firm owned 709,832 shares of the company’s stock after buying an additional 130,768 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Keurig Dr Pepper were worth $22,800,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of 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 acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at approximately $35,000. Hexagon Capital Partners LLC lifted its position in Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 530 shares in the last quarter. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the third quarter worth $61,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after buying an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.2 %

Shares of KDP opened at $32.24 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market capitalization of $43.73 billion, a PE ratio of 19.54, a P/E/G ratio of 2.19 and a beta of 0.62. The company’s 50-day simple moving average is $32.12 and its 200-day simple moving average is $34.14. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper Announces Dividend

The firm 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 was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.85%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

KDP has been the topic of several analyst reports. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target on the stock. Citigroup reduced 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. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. UBS Group reduced 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 report on Thursday, January 16th. Finally, Barclays lowered their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

About Keurig Dr Pepper

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.