Ieq Capital LLC Acquires 16,856 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Ieq Capital LLC grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 34.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 66,259 shares of the company’s stock after buying an additional 16,856 shares during the period. Ieq Capital LLC’s holdings in Keurig Dr Pepper were worth $2,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Keurig Dr Pepper in the 3rd quarter worth about $25,000. LRI Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $35,000. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper during the third quarter worth $61,000. R Squared Ltd purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at about $70,000. Finally, Catalyst Capital Advisors LLC lifted its holdings in Keurig Dr Pepper by 52.1% during the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after acquiring an additional 684 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research analyst reports. 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 report on Thursday, January 16th. TD Cowen lowered their target price 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. Barclays cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Stock Up 2.7 %

KDP opened at $34.04 on Monday. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The company has a fifty day moving average price of $31.80 and a 200-day moving average price of $33.94. 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 firm has a market capitalization of $46.17 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

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.