TCW Group Inc. Buys 12,542 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

TCW Group Inc. boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,444 shares of the company’s stock after buying an additional 12,542 shares during the quarter. TCW Group Inc.’s holdings in Keurig Dr Pepper were worth $12,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of KDP. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at $61,000. Catalyst Capital Advisors LLC grew its position in Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after acquiring an additional 684 shares during the last quarter. Finally, R Squared Ltd bought a new position in Keurig Dr Pepper in the 4th quarter valued at $70,000. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 2.7 %

KDP opened at $34.04 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.42 and a beta of 0.61. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The stock has a fifty day moving average price of $31.80 and a 200-day moving average price of $33.94.

Keurig Dr Pepper Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Barclays lowered their price objective on shares of 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. Piper Sandler assumed coverage on shares of 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. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.