Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 16.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 457,318 shares of the company’s stock after acquiring an additional 65,050 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Keurig Dr Pepper were worth $12,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Versant Capital Management Inc increased its stake in Keurig Dr Pepper by 751.3% in the first quarter. Versant Capital Management Inc now owns 1,328 shares of the company’s stock valued at $37,000 after acquiring an additional 1,172 shares during the last quarter. Trust Co. of Vermont boosted its position in Keurig Dr Pepper by 177.8% during the first quarter. Trust Co. of Vermont now owns 1,500 shares of the company’s stock valued at $42,000 after buying an additional 960 shares during the period. CENTRAL TRUST Co boosted its position in Keurig Dr Pepper by 3,634.0% during the first quarter. CENTRAL TRUST Co now owns 1,755 shares of the company’s stock valued at $49,000 after buying an additional 1,708 shares during the period. Parallel Advisors LLC boosted its position in Keurig Dr Pepper by 30.8% during the first quarter. Parallel Advisors LLC now owns 2,317 shares of the company’s stock valued at $65,000 after buying an additional 546 shares during the period. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Keurig Dr Pepper by 65.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,568 shares of the company’s stock valued at $91,000 after buying an additional 1,411 shares during the period. 13.34% of the stock is currently owned by institutional investors and hedge funds.
Keurig Dr Pepper stock opened at $28.95 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 0.58. The stock has a market cap of $40.86 billion, a PE ratio of 27.84, a PEG ratio of 1.55 and a beta of 0.47. Keurig Dr Pepper Inc has a 1-year low of $20.46 and a 1-year high of $124.36.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.07%. Keurig Dr Pepper’s dividend payout ratio is currently 57.69%.
KDP has been the subject of several analyst reports. ValuEngine upgraded shares of Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Barclays restated a “buy” rating and set a $31.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, March 19th. Morgan Stanley lowered shares of Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 price target for the company. in a research report on Thursday, April 11th. Finally, BMO Capital Markets upped their price target on shares of Keurig Dr Pepper from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Friday, May 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $28.32.
In other news, major shareholder Holdings B.V. Maple sold 52,902,300 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $27.77, for a total transaction of $1,469,096,871.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Olivier Goudet bought 20,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of $25.43 per share, with a total value of $508,600.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 49,285 shares of company stock valued at $1,286,064. 0.44% of the stock is currently owned by company insiders.
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Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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