Jupiter Asset Management Ltd. Takes $17.32 Million Position in Keurig Dr Pepper, Inc $KDP

Jupiter Asset Management Ltd. purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 678,965 shares of the company’s stock, valued at approximately $17,320,000.

A number of other large investors have also recently bought and sold shares of KDP. ICICI Prudential Asset Management Co Ltd grew its position in Keurig Dr Pepper by 22.6% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 20,862 shares of the company’s stock worth $532,000 after purchasing an additional 3,841 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $3,566,000. Syon Capital LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth about $370,000. NEOS Investment Management LLC increased its position in Keurig Dr Pepper by 63.9% in the 3rd quarter. NEOS Investment Management LLC now owns 553,755 shares of the company’s stock valued at $14,126,000 after acquiring an additional 215,908 shares during the period. Finally, Heartland Advisors Inc. purchased a new stake in Keurig Dr Pepper during the 3rd quarter valued at approximately $5,777,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of recent research reports. Piper Sandler boosted their target price on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Wells Fargo & Company boosted their price objective 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 target price on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Finally, UBS Group reissued a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.87.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $29.54 on Friday. The firm’s fifty day simple moving average is $28.13 and its 200-day simple moving average is $28.37. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The stock has a market cap of $40.13 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.99 and a beta of 0.34. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Keurig Dr Pepper 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.