AustralianSuper Pty Ltd Makes New $1.22 Million Investment in Keurig Dr Pepper, Inc $KDP

AustralianSuper Pty Ltd acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, HoldingsChannel.com reports. The fund acquired 47,694 shares of the company’s stock, valued at approximately $1,217,000.

Other hedge funds have also bought and sold shares of the company. Chung Wu Investment Group LLC bought a new position in shares of Keurig Dr Pepper in the 2nd quarter worth about $26,000. NewSquare Capital LLC grew its stake in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. AlphaCore Capital LLC bought a new stake in Keurig Dr Pepper in the second quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in Keurig Dr Pepper in the third quarter valued at approximately $26,000. Finally, Mather Group LLC. bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. Institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other 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 transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Barclays upped their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. 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 note on Monday, October 20th. Wells Fargo & Company upped their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Wednesday. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.87.

Keurig Dr Pepper Stock Performance

KDP stock opened at $27.44 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $37.28 billion, a PE ratio of 23.66, a P/E/G ratio of 1.85 and a beta of 0.34. The business has a 50 day moving average of $27.98 and a 200-day moving average of $28.83. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, January 2nd. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.