SG Americas Securities LLC lowered its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 40.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,208 shares of the company’s stock after selling 13,584 shares during the period. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $649,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of KDP. FMR LLC raised its position in Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after acquiring an additional 9,105,164 shares in the last quarter. State Street Corp grew its stake in shares of Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. National Bank of Canada FI increased its holdings in shares of Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after purchasing an additional 1,956,138 shares in the last quarter. King Luther Capital Management Corp lifted its stake in shares of Keurig Dr Pepper by 125.5% in the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after purchasing an additional 767,298 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after purchasing an additional 730,297 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on KDP. Citigroup dropped their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Royal Bank of Canada upped their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Barclays dropped their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, UBS Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.50.
Keurig Dr Pepper Stock Performance
Shares of KDP stock opened at $32.24 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The company has a market cap of $43.73 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The stock has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $34.14.
Keurig Dr Pepper Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio 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.
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