Yousif Capital Management LLC Purchases 6,904 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Yousif Capital Management LLC grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,408 shares of the company’s stock after acquiring an additional 6,904 shares during the quarter. Yousif Capital Management LLC’s holdings in Keurig Dr Pepper were worth $4,638,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB acquired a new stake in Keurig Dr Pepper during the third quarter worth $2,557,000. Czech National Bank raised its position in Keurig Dr Pepper by 8.3% in the third quarter. Czech National Bank now owns 215,474 shares of the company’s stock worth $8,076,000 after purchasing an additional 16,570 shares in the last quarter. GAMMA Investing LLC lifted its stake in Keurig Dr Pepper by 227.4% during the third quarter. GAMMA Investing LLC now owns 4,319 shares of the company’s stock worth $162,000 after purchasing an additional 3,000 shares during the period. Mather Group LLC. boosted its holdings in Keurig Dr Pepper by 63.8% during the third quarter. Mather Group LLC. now owns 2,853 shares of the company’s stock valued at $107,000 after purchasing an additional 1,111 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Keurig Dr Pepper by 40.9% in the 3rd 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. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on KDP shares. Citigroup decreased their price objective on shares of 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. Deutsche Bank Aktiengesellschaft upgraded 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. Barclays reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler started coverage on shares of Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

KDP opened at $31.04 on Friday. The company has a fifty day simple moving average of $32.02 and a 200 day simple moving average of $34.08. 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 stock has a market cap of $42.10 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.24 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.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.