ANTIPODES PARTNERS Ltd Takes Position in Keurig Dr Pepper, Inc $KDP

ANTIPODES PARTNERS Ltd bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 3rd quarter, Holdings Channel reports. The fund bought 1,309,241 shares of the company’s stock, valued at approximately $33,401,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Dedication LLC lifted its position in Keurig Dr Pepper by 3.8% during the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after acquiring an additional 288 shares during the last quarter. Auxier Asset Management grew its position in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing 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 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 last quarter. Finally, Zions Bancorporation National Association UT lifted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KDP. UBS Group reiterated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Wells Fargo & Company upped their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Barclays raised their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, Piper Sandler increased 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. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $34.87.

Keurig Dr Pepper Trading Up 1.5%

Shares of Keurig Dr Pepper stock opened at $29.54 on Friday. 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. The company has a market capitalization of $40.13 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.99 and a beta of 0.34. The firm’s 50-day moving average price is $28.13 and its two-hundred day moving average price is $28.37.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, March 27th. This represents a $0.92 annualized dividend and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

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.