Bevco B.V. Jab Buys 3,619,600 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock

Keurig Dr Pepper Inc. (NASDAQ:KDP) major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction on 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 acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Keurig Dr Pepper Price Performance

KDP stock opened at $32.10 on Friday. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The business has a fifty day moving average of $32.12 and a two-hundred day moving average of $34.13. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KDP. FMR LLC increased its position in shares of Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. State Street Corp boosted its position in shares of Keurig Dr Pepper by 10.9% during 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 during the period. Geode Capital Management LLC increased its holdings in Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after purchasing an additional 591,316 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Keurig Dr Pepper by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company’s stock valued at $488,463,000 after purchasing an additional 59,464 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Keurig Dr Pepper by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,007,549 shares of the company’s stock worth $225,163,000 after purchasing an additional 150,202 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on KDP shares. 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 note on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. 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 report on Friday, January 17th. Finally, Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.