139,800 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, HoldingsChannel.com reports. The fund acquired 139,800 shares of the company’s stock, valued at approximately $3,566,000.

Other institutional investors have also recently modified their holdings of the company. 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 increased its position in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the last quarter. Private Trust Co. NA boosted its holdings in Keurig Dr Pepper by 26.4% in the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the last quarter. NewSquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. Finally, Zions Bancorporation National Association UT increased its position in shares of Keurig Dr Pepper by 1.7% in the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after acquiring an additional 400 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent research reports. Piper Sandler boosted their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, December 15th. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. UBS Group restated a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Wells Fargo & Company boosted their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, 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 note on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $34.87.

Insiders Place Their Bets

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

Keurig Dr Pepper Stock Down 0.1%

NASDAQ:KDP opened at $29.10 on Friday. The firm has a market capitalization of $39.53 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.99 and a beta of 0.34. The stock’s fifty day simple moving average is $28.13 and its 200-day simple moving average is $28.39. 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, Inc has a 12-month low of $25.03 and a 12-month high of $36.12.

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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

About Keurig Dr Pepper

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.