Avestar Capital LLC Purchases 2,965 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Avestar Capital LLC grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,613 shares of the company’s stock after buying an additional 2,965 shares during the quarter. Avestar Capital LLC’s holdings in Keurig Dr Pepper were worth $726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KDP. AMF Tjanstepension AB bought a new position in Keurig Dr Pepper in the 3rd quarter valued at $2,557,000. CWM LLC boosted its stake in shares of Keurig Dr Pepper by 40.9% during the third quarter. CWM LLC now owns 35,680 shares of the company’s stock valued at $1,337,000 after purchasing an additional 10,356 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Keurig Dr Pepper by 15.7% in the third quarter. Exchange Traded Concepts LLC now owns 28,827 shares of the company’s stock worth $1,080,000 after purchasing an additional 3,906 shares during the last quarter. CX Institutional increased its stake in Keurig Dr Pepper by 3.6% in the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock worth $305,000 after buying an additional 283 shares during the period. Finally, Swedbank AB lifted its holdings in Keurig Dr Pepper by 57.7% during the 3rd quarter. Swedbank AB now owns 733,823 shares of the company’s stock valued at $27,504,000 after buying an additional 268,555 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 0.6 %

Shares of Keurig Dr Pepper stock opened at $31.87 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $43.23 billion, a P/E ratio of 19.32, a PEG ratio of 2.16 and a beta of 0.61. The firm’s 50 day moving average price is $31.92 and its 200-day moving average price is $34.04. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, March 28th. 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 acquired 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KDP shares. UBS Group dropped 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. Citigroup dropped their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.