ANTIPODES PARTNERS Ltd Makes New $33.40 Million Investment in Keurig Dr Pepper, Inc $KDP

ANTIPODES PARTNERS Ltd bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,309,241 shares of the company’s stock, valued at approximately $33,401,000. ANTIPODES PARTNERS Ltd owned approximately 0.10% of Keurig Dr Pepper as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC increased its position in shares of Keurig Dr Pepper by 3.8% during the second quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after acquiring an additional 288 shares in the last quarter. Auxier Asset Management boosted its stake in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the period. Private Trust Co. NA increased its holdings in Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Keurig Dr Pepper by 94.1% in the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the period. Finally, Zions Bancorporation National Association UT raised its stake in shares of Keurig Dr Pepper by 1.7% in the 2nd quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock valued at $792,000 after purchasing an additional 400 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.5%

Keurig Dr Pepper stock opened at $29.54 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company’s 50-day moving average is $28.13 and its 200-day moving average is $28.37. The firm has a market capitalization of $40.13 billion, a PE ratio of 25.47, 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.

Keurig Dr Pepper Dividend Announcement

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

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper 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 directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday, January 28th. Barclays boosted their price objective 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, Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.