V Square Quantitative Management LLC Buys 1,386 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

V Square Quantitative Management LLC grew its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 23,143 shares of the company’s stock after acquiring an additional 1,386 shares during the quarter. V Square Quantitative Management LLC’s holdings in Keurig Dr Pepper were worth $743,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $35,000. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $61,000. R Squared Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $70,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 52.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after buying an additional 684 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Down 0.7 %

Shares of NASDAQ:KDP opened at $31.65 on Friday. The business’s 50 day simple moving average is $31.87 and its two-hundred day simple moving average is $34.01. The firm has a market cap of $42.93 billion, a P/E ratio of 19.18, a PEG ratio of 2.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.91%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KDP. Royal Bank of Canada boosted their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. UBS Group lowered their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Jefferies Financial Group lowered their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, Citigroup lowered their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.