Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by KBC Group NV

KBC Group NV lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,788 shares of the company’s stock after selling 5,716 shares during the quarter. KBC Group NV’s holdings in Keurig Dr Pepper were worth $7,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KDP. CX Institutional lifted its stake in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock worth $305,000 after acquiring an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Keurig Dr Pepper by 3.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after purchasing an additional 300 shares in the last quarter. First Hawaiian Bank increased its position in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after buying an additional 400 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Keurig Dr Pepper by 1.1% in the third quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company’s stock valued at $1,415,000 after buying an additional 425 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $32.24 on Friday. 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 one year low of $28.61 and a one year high of $38.28. The business’s 50-day moving average price is $32.12 and its two-hundred day moving average price is $34.14. The company has a market capitalization of $43.73 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.85%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research reports. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. TD Cowen decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on 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 equities 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, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus 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.