Tobam Has $2.49 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tobam raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 140.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,477 shares of the company’s stock after purchasing an additional 45,274 shares during the period. Tobam’s holdings in Keurig Dr Pepper were worth $2,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. CX Institutional grew its holdings in shares of Keurig Dr Pepper by 3.6% during the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after purchasing an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock worth $320,000 after buying an additional 300 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after buying an additional 342 shares in the last quarter. Custom Index Systems LLC lifted its stake in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after acquiring an additional 357 shares during the last quarter. Finally, First Hawaiian Bank boosted its holdings in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $31.00 on Friday. The firm has a market cap of $42.05 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The business’s 50 day moving average price is $32.02 and its two-hundred day moving average price is $34.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analyst Upgrades and Downgrades

Several research firms have commented on KDP. Royal Bank of Canada increased their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company decreased 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. UBS Group cut 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, Barclays lowered 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.