Concurrent Investment Advisors LLC Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Concurrent Investment Advisors LLC grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 185.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,611 shares of the company’s stock after purchasing an additional 33,554 shares during the period. Concurrent Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KDP. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $61,000. R Squared Ltd acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $70,000. Finally, Catalyst Capital Advisors LLC increased its position in shares of 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 acquiring an additional 684 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the transaction, 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 SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $34.04 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $46.17 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61. The stock’s 50-day moving average price is $31.80 and its 200-day moving average price is $33.95.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KDP shares. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on 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 target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.