World Equity Group Inc. Increases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

World Equity Group Inc. increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 102.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,932 shares of the company’s stock after purchasing an additional 11,097 shares during the quarter. World Equity Group Inc.’s holdings in Keurig Dr Pepper were worth $704,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KDP. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the third quarter worth about $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper during the third quarter worth about $35,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the third quarter worth about $61,000. Catalyst Capital Advisors LLC grew its position in Keurig Dr Pepper by 52.1% during the third quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after buying an additional 684 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Keurig Dr Pepper during the fourth quarter worth about $70,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, with a total value 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. This trade represents a 1.69 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Trading Up 2.7 %

KDP opened at $34.04 on Monday. The business has a 50 day simple moving average of $31.80 and a two-hundred day simple moving average of $33.94. The firm has a market capitalization of $46.17 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

Wall Street Analysts Forecast Growth

KDP has been the subject of several recent analyst reports. Barclays reduced their target price on 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. Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a research report 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 report on Tuesday, January 7th. Finally, TD Cowen cut their price objective 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. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.