Howard Capital Management Inc. Grows Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Howard Capital Management Inc. grew its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,993 shares of the company’s stock after purchasing an additional 787 shares during the period. Howard Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in KDP. Sumitomo Mitsui Trust Group Inc. raised its stake in Keurig Dr Pepper by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after purchasing an additional 242,315 shares during the period. Pathstone Holdings LLC increased its holdings in shares of Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after buying an additional 22,657 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after buying an additional 41,466 shares during the period. Swedbank AB lifted its holdings in Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after acquiring an additional 13,179 shares during the last quarter. Finally, LMR Partners LLP lifted its holdings in Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after acquiring an additional 186,002 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity

In other 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 shares were acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 2.7 %

Keurig Dr Pepper stock opened at $34.04 on Monday. The firm has a market capitalization of $46.17 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.61. 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 Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock’s fifty day simple moving average is $31.80 and its 200-day simple moving average is $33.94.

Keurig Dr Pepper Announces Dividend

The business 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 dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KDP shares. Barclays reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, TD Cowen lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $37.50.

About Keurig Dr Pepper

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.