ABC Arbitrage SA Invests $1.03 Million in Keurig Dr Pepper, Inc $KDP

ABC Arbitrage SA bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, Holdings Channel.com reports. The institutional investor bought 40,366 shares of the company’s stock, valued at approximately $1,030,000.

Several other hedge funds also recently modified their holdings of the business. Asset Dedication LLC lifted its holdings in shares of Keurig Dr Pepper by 3.8% in the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after purchasing an additional 288 shares in the last quarter. Auxier Asset Management lifted its stake in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after buying an additional 318 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the period. NewSquare Capital LLC lifted its holdings in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its position in shares of Keurig Dr Pepper by 1.7% during the 2nd quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on KDP shares. UBS Group reissued a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Barclays raised their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Finally, Piper Sandler raised their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Keurig Dr Pepper Price Performance

KDP stock opened at $29.89 on Thursday. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12. The business has a fifty day moving average of $28.09 and a two-hundred day moving average of $28.52. The stock has a market cap of $40.61 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.97 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.