139,800 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 139,800 shares of the company’s stock, valued at approximately $3,566,000.

Several other hedge funds and other institutional investors have also modified their holdings of KDP. AustralianSuper Pty Ltd bought a new position in shares of Keurig Dr Pepper during the third quarter worth about $1,217,000. Bank of New York Mellon Corp raised its stake in Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after purchasing an additional 223,160 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Keurig Dr Pepper by 14.0% during the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock valued at $12,209,000 after acquiring an additional 45,400 shares during the period. Candriam S.C.A. grew its holdings in shares of Keurig Dr Pepper by 50.9% during the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Keurig Dr Pepper by 7.0% in the 2nd quarter. ProShare Advisors LLC now owns 2,134,176 shares of the company’s stock valued at $70,556,000 after buying an additional 140,012 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.1%

Shares of KDP opened at $29.10 on Friday. The stock has a market capitalization of $39.53 billion, a PE ratio of 25.09, a P/E/G ratio of 1.99 and a beta of 0.34. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The company’s fifty day moving average is $28.13 and its 200 day moving average is $28.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s payout ratio is currently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KDP shares. Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Barclays raised their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Finally, Piper Sandler increased their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Ten research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.87.

Keurig Dr Pepper Company 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.