Transcend Capital Advisors LLC Trims Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Transcend Capital Advisors LLC lowered its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,022 shares of the company’s stock after selling 1,515 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Keurig Dr Pepper were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of KDP. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth about $25,000. LRI Investments LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth about $35,000. Brooklyn Investment Group purchased a new stake in Keurig Dr Pepper in the third quarter worth about $61,000. Catalyst Capital Advisors LLC grew its holdings 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 about $70,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 2.7 %

Shares of Keurig Dr Pepper stock opened at $34.04 on Friday. The company has a market cap of $46.17 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The company’s 50 day moving average is $31.80 and its 200 day moving average is $33.95. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. 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 (DPR) is 55.76%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent research reports. Barclays cut their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group cut their price objective 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. Wells Fargo & Company cut their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

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.