Aberdeen Group plc Buys 388,567 Shares of Keurig Dr Pepper, Inc $KDP

Aberdeen Group plc grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 26.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,844,123 shares of the company’s stock after purchasing an additional 388,567 shares during the quarter. Aberdeen Group plc owned approximately 0.14% of Keurig Dr Pepper worth $47,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NewSquare Capital LLC raised its holdings in Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 386 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares during the period. Finally, SBI Securities Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on KDP shares. JPMorgan Chase & Co. lowered 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 Monday, October 20th. Piper Sandler increased their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Barclays boosted their target price on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company increased their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $29.69 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The company has a 50-day moving average of $28.15 and a 200-day moving average of $28.41. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a market capitalization of $40.34 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 2.03 and a beta of 0.34.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.