Sanctuary Advisors LLC Has $2.78 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sanctuary Advisors LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,345 shares of the company’s stock after purchasing an additional 8,190 shares during the quarter. Sanctuary Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,784,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KDP. AMF Tjanstepension AB acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $2,557,000. Blue Trust Inc. increased its stake in shares of Keurig Dr Pepper by 343.6% during the 3rd quarter. Blue Trust Inc. now owns 3,766 shares of the company’s stock worth $141,000 after purchasing an additional 2,917 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Keurig Dr Pepper by 14.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,739 shares of the company’s stock worth $477,000 after purchasing an additional 1,651 shares during the last quarter. Signaturefd LLC increased its stake in shares of Keurig Dr Pepper by 6.6% during the 3rd quarter. Signaturefd LLC now owns 11,517 shares of the company’s stock worth $432,000 after purchasing an additional 713 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Keurig Dr Pepper by 6,430.6% during the 3rd quarter. International Assets Investment Management LLC now owns 114,351 shares of the company’s stock worth $4,286,000 after purchasing an additional 112,600 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KDP shares. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Barclays lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated 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 acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $34.04 on Friday. The firm has a fifty day moving average price of $31.80 and a two-hundred day moving average price of $33.95. The company has a market cap of $46.17 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

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.