Robeco Institutional Asset Management B.V. Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 709,832 shares of the company’s stock after buying an additional 130,768 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of Keurig Dr Pepper worth $22,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of KDP. R Squared Ltd bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth $70,000. Perigon Wealth Management LLC raised its holdings in Keurig Dr Pepper by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after purchasing an additional 342 shares in the last quarter. United Asset Strategies Inc. lifted its position in shares of Keurig Dr Pepper by 4.8% during the fourth quarter. United Asset Strategies Inc. now owns 21,107 shares of the company’s stock valued at $678,000 after buying an additional 964 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Keurig Dr Pepper by 50.6% in the 4th quarter. Blue Trust Inc. now owns 5,672 shares of the company’s stock valued at $182,000 after buying an additional 1,906 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $277,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.2 %

Shares of KDP stock opened at $32.24 on Friday. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock has a market cap of $43.73 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.19 and a beta of 0.62. The stock has a 50 day moving average of $32.12 and a 200 day moving average of $34.14. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KDP. Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. Citigroup cut their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group cut their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target 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.