Catalyst Capital Advisors LLC Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Catalyst Capital Advisors LLC lifted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 97.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,946 shares of the company’s stock after acquiring an additional 1,949 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KDP. AMF Tjanstepension AB purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $2,557,000. Bleakley Financial Group LLC lifted its stake in Keurig Dr Pepper by 6.4% in the third quarter. Bleakley Financial Group LLC now owns 9,553 shares of the company’s stock valued at $358,000 after purchasing an additional 574 shares during the last quarter. Blue Trust Inc. lifted its stake in Keurig Dr Pepper by 343.6% in the third quarter. Blue Trust Inc. now owns 3,766 shares of the company’s stock valued at $141,000 after purchasing an additional 2,917 shares during the last quarter. Raymond James & Associates lifted its stake in Keurig Dr Pepper by 11.1% in the third quarter. Raymond James & Associates now owns 1,359,383 shares of the company’s stock valued at $50,950,000 after purchasing an additional 135,409 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Keurig Dr Pepper in the third quarter valued at approximately $617,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KDP. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Citigroup dropped their price objective on 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. 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six 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 company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Trading Up 2.5 %

Keurig Dr Pepper stock opened at $32.45 on Wednesday. The stock has a market cap of $44.02 billion, a P/E ratio of 19.67, a PEG ratio of 2.16 and a beta of 0.61. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The firm’s fifty day moving average price is $31.81 and its 200-day moving average price is $33.97. 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 annualized dividend and a dividend yield of 2.84%. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were purchased 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. This trade represents a 1.69 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Company 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.