ABN Amro Investment Solutions Has $3.47 Million Stock Holdings in Keurig Dr Pepper, Inc $KDP

ABN Amro Investment Solutions increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 79.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 135,974 shares of the company’s stock after purchasing an additional 60,174 shares during the quarter. ABN Amro Investment Solutions’ holdings in Keurig Dr Pepper were worth $3,469,000 as of its most recent SEC filing.

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

Keurig Dr Pepper Trading Down 0.7%

KDP opened at $29.69 on Monday. The stock has a market capitalization of $40.34 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.03 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The company has a 50-day simple moving average of $28.13 and a 200 day simple moving average of $28.43.

Keurig Dr Pepper Dividend Announcement

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

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction 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 sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Piper Sandler upped their target price 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. Barclays boosted their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. 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 research report on Tuesday, October 28th. JPMorgan Chase & Co. reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Finally, UBS Group restated a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus 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.