Custom Index Systems LLC Acquires 357 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Custom Index Systems LLC grew its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,109 shares of the company’s stock after acquiring an additional 357 shares during the quarter. Custom Index Systems LLC’s holdings in Keurig Dr Pepper were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its holdings in Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the period. State Street Corp raised its position in shares of Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Keurig Dr Pepper by 394.3% in the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after buying an additional 1,956,138 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Keurig Dr Pepper by 125.5% in the third quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after buying an additional 767,298 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after buying an additional 730,297 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were bought 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. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $32.10 on Friday. The stock has a market capitalization of $43.54 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The firm has a 50 day moving average of $32.11 and a 200-day moving average of $34.12.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company cut their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada raised their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays decreased their price target on shares of 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. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, TD Cowen decreased their target price on shares of 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.50.

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.