Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,993 shares of the company’s stock after buying an additional 787 shares during the quarter. Howard Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $835,000 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 stake in Keurig Dr Pepper in the third quarter valued at $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $35,000. Brooklyn Investment Group acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $61,000. Catalyst Capital Advisors LLC boosted its position in shares of 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 purchasing an additional 684 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts have commented on KDP shares. UBS Group cut their price target on 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. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Barclays decreased their price target on shares of 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. TD Cowen dropped 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 research note on Wednesday, January 8th. Finally, Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price for the company. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Stock Up 2.7 %

KDP opened at $34.04 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The stock has a market capitalization of $46.17 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.61. The business has a 50 day simple moving average of $31.80 and a 200-day simple moving average of $33.94.

Keurig Dr Pepper Announces Dividend

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

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.