KBC Group NV Sells 5,716 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

KBC Group NV trimmed its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 226,788 shares of the company’s stock after selling 5,716 shares during the period. KBC Group NV’s holdings in Keurig Dr Pepper were worth $7,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth $35,000. Hexagon Capital Partners LLC increased its position in Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the period. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at $61,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in Keurig Dr Pepper by 52.1% in the 3rd 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. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $32.24 on Friday. The firm has a market cap of $43.73 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.19 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 company has a 50 day moving average of $32.12 and a 200-day moving average of $34.14.

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 2.85%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays cut their price objective on shares of 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. Citigroup reduced their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group reduced their target price 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. Finally, TD Cowen lowered their price target 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. Six 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 presently has an average rating of “Moderate Buy” and a consensus price target 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.