Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,643 shares of the company’s stock after purchasing an additional 7,666 shares during the period. Amalgamated Bank’s holdings in Keurig Dr Pepper were worth $6,926,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the third quarter worth approximately $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $35,000. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Catalyst Capital Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 52.1% in the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after purchasing an additional 684 shares during the period. Finally, R Squared Ltd acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $70,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on 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 directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was 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 this link. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KDP has been the topic of several recent analyst reports. 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 report on Wednesday, January 8th. Barclays reiterated an “overweight” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday. Piper Sandler started coverage on Keurig Dr Pepper in a research note on Tuesday. They set a “neutral” rating and a $35.00 target price for the company. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Morgan Stanley increased their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Keurig Dr Pepper Stock Down 3.4 %

Shares of NASDAQ:KDP opened at $33.74 on Thursday. The firm’s 50-day moving average is $31.88 and its two-hundred day moving average is $33.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The firm has a market capitalization of $45.77 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 dividend on an annualized basis and a yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

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.