Equitable Trust Co. Purchases Shares of 10,708 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Equitable Trust Co. acquired a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,708 shares of the company’s stock, valued at approximately $344,000.

Several other large investors have also made changes to their positions in the business. Entropy Technologies LP acquired a new position in Keurig Dr Pepper during the 4th quarter valued at $2,116,000. Empowered Funds LLC increased its holdings in shares of Keurig Dr Pepper by 12.2% during the 4th quarter. Empowered Funds LLC now owns 20,060 shares of the company’s stock worth $644,000 after purchasing an additional 2,188 shares during the period. Apollon Wealth Management LLC raised its position in shares of Keurig Dr Pepper by 29.9% during the fourth quarter. Apollon Wealth Management LLC now owns 24,900 shares of the company’s stock valued at $800,000 after buying an additional 5,729 shares during the last quarter. Tobam lifted its stake in shares of Keurig Dr Pepper by 140.6% in the fourth quarter. Tobam now owns 77,477 shares of the company’s stock valued at $2,489,000 after buying an additional 45,274 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Keurig Dr Pepper by 12.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,722 shares of the company’s stock worth $4,713,000 after buying an additional 16,439 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 2.1 %

Shares of KDP opened at $31.56 on Wednesday. The company has a market capitalization of $42.81 billion, a P/E ratio of 19.13, a PEG ratio of 2.16 and a beta of 0.61. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The business’s 50 day simple moving average is $31.95 and its 200-day simple moving average is $34.07. 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. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.92%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, for a total transaction 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 approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup cut their price target 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. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Piper Sandler started coverage on shares of Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target on the stock. UBS Group lowered their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Jefferies Financial Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently 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.