Huntington National Bank Raises Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Huntington National Bank increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 64.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,021 shares of the company’s stock after purchasing an additional 792 shares during the period. Huntington National Bank’s holdings in Keurig Dr Pepper were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Keurig Dr Pepper by 14.1% during the 1st quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock valued at $641,000 after acquiring an additional 2,093 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Keurig Dr Pepper by 18.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock valued at $812,000 after acquiring an additional 3,263 shares during the period. Private Advisor Group LLC lifted its stake in Keurig Dr Pepper by 11.9% during the 1st quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock valued at $603,000 after acquiring an additional 1,697 shares during the period. MetLife Investment Management LLC bought a new position in Keurig Dr Pepper during the 1st quarter valued at about $530,000. Finally, Yousif Capital Management LLC lifted its stake in shares of Keurig Dr Pepper by 11.6% in the 1st quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock worth $608,000 after purchasing an additional 1,669 shares during the period. Institutional investors own 52.29% of the company’s stock.

Keurig Dr Pepper Trading Up 0.5 %

Keurig Dr Pepper stock opened at $31.32 on Tuesday. The firm has a 50 day moving average of $32.12 and a 200 day moving average of $32.05. The firm has a market capitalization of $43.80 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.43 and a beta of 0.67. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $36.23. The company has a current ratio of 0.39, a quick ratio of 0.23 and a debt-to-equity ratio of 0.39.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is 62.32%.

Insider Buying and Selling

In related news, insider Monique Oxender acquired 6,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average cost of $32.72 per share, with a total value of $196,320.00. Following the acquisition, the insider now directly owns 56,848 shares in the company, valued at approximately $1,860,066.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KDP shares. Barclays increased their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Jefferies Financial Group started coverage on shares of Keurig Dr Pepper in a research note on Monday, November 13th. They issued a “buy” rating and a $39.00 price objective on the stock. HSBC started coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective on the stock. Finally, Morgan Stanley cut shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective on the stock. in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

View Our Latest Research Report on Keurig Dr Pepper

Keurig Dr Pepper Company Profile

(Free Report)

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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