Fisher Funds Management LTD Takes $3.32 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fisher Funds Management LTD purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 103,613 shares of the company’s stock, valued at approximately $3,318,000.

Several other large investors have also recently bought and sold shares of KDP. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC bought a new stake in Keurig Dr Pepper during the third quarter worth $35,000. Brooklyn Investment Group acquired a new stake in Keurig Dr Pepper in the third quarter valued at $61,000. R Squared Ltd acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at $70,000. Finally, Catalyst Capital Advisors LLC grew 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. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Wells Fargo & Company cut their price objective 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. Barclays decreased their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. TD Cowen cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $34.04 on Monday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm’s 50-day simple moving average is $31.80 and its 200 day simple moving average is $33.94. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

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 issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Insider Activity

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.

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.