Wilmington Savings Fund Society FSB Lowers Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wilmington Savings Fund Society FSB lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,597 shares of the company’s stock after selling 4,351 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Keurig Dr Pepper were worth $2,910,000 as of its most recent SEC filing.

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

Keurig Dr Pepper Stock Performance

KDP opened at $31.04 on Friday. The company’s 50 day moving average is $31.98 and its 200 day moving average is $34.07. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $42.10 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.16 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents 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. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group cut their price target 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. Barclays reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, TD Cowen lowered 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 note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has an average 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.