Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Mokosak Advisory Group LLC

Mokosak Advisory Group LLC lowered its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,687 shares of the company’s stock after selling 2,645 shares during the quarter. Keurig Dr Pepper accounts for about 0.1% of Mokosak Advisory Group LLC’s holdings, making the stock its 27th biggest position. Mokosak Advisory Group LLC’s holdings in Keurig Dr Pepper were worth $247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KDP. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth about $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth about $35,000. Hexagon Capital Partners LLC increased its position in Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper during the 3rd quarter worth about $61,000. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KDP. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, TD Cowen decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.54 on Tuesday. The business’s fifty day moving average price is $32.11 and its 200 day moving average price is $34.14. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The stock has a market capitalization of $44.14 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.83%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Company 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.