Money Concepts Capital Corp Has $2.46 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Money Concepts Capital Corp boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,437 shares of the company’s stock after acquiring an additional 2,025 shares during the period. Money Concepts Capital Corp’s holdings in Keurig Dr Pepper were worth $2,455,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CX Institutional raised its stake in Keurig Dr Pepper by 3.6% during the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after purchasing an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Keurig Dr Pepper by 3.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock worth $320,000 after purchasing an additional 300 shares during the period. Perigon Wealth Management LLC raised its position in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock valued at $893,000 after buying an additional 342 shares during the last quarter. Custom Index Systems LLC raised its position in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock valued at $228,000 after buying an additional 357 shares during the last quarter. Finally, First Hawaiian Bank grew its position in Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $31.13 on Thursday. The stock has a market capitalization of $42.23 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.24 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. The firm has a 50 day moving average of $32.08 and a 200-day moving average of $34.13. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.96%. Keurig Dr Pepper’s payout ratio is 55.76%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays cut their price target 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 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. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. UBS Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost 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 in the company, valued at approximately $7,270,236,389.86. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper 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.