Kessler Investment Group LLC Trims Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Kessler Investment Group LLC trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,834 shares of the company’s stock after selling 1,332 shares during the quarter. Kessler Investment Group LLC’s holdings in Keurig Dr Pepper were worth $1,183,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KDP. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper in the third quarter worth about $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper during the third quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the third quarter valued at approximately $61,000. R Squared Ltd purchased a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $70,000. Finally, Catalyst Capital Advisors LLC raised its position in Keurig Dr Pepper by 52.1% during the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after acquiring an additional 684 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on KDP shares. Jefferies Financial Group reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler assumed coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 price target for the company. Barclays cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Royal Bank of Canada boosted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business’s 50 day moving average price is $31.87 and its 200-day moving average price is $34.01. The firm has a market capitalization of $42.93 billion, a PE ratio of 19.18, a P/E/G ratio of 2.16 and a beta of 0.61. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.