Kessler Investment Group LLC Trims Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Kessler Investment Group LLC decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,834 shares of the company’s stock after selling 1,332 shares during the period. Kessler Investment Group LLC’s holdings in Keurig Dr Pepper were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth $35,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the third quarter worth $61,000. Catalyst Capital Advisors LLC increased its stake in Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after purchasing an additional 684 shares during the period. Finally, R Squared Ltd purchased a new stake in Keurig Dr Pepper in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction 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 completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent research reports. Barclays dropped their price target 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. JPMorgan Chase & Co. dropped their price target on 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. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. TD Cowen dropped their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market cap of $42.93 billion, a P/E ratio of 19.18, a PEG ratio of 2.16 and a beta of 0.61. The stock’s 50-day moving average is $31.87 and its 200 day moving average is $34.01. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28.

Keurig Dr Pepper Announces Dividend

The firm 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 2.91%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

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.