Truist Financial Corp Has $8.65 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Truist Financial Corp decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 269,183 shares of the company’s stock after selling 21,085 shares during the period. Truist Financial Corp’s holdings in Keurig Dr Pepper were worth $8,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of Keurig Dr Pepper by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 435,035 shares of the company’s stock valued at $13,973,000 after purchasing an additional 20,291 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 10.5% during the fourth quarter. Sanctuary Advisors LLC now owns 86,345 shares of the company’s stock valued at $2,784,000 after purchasing an additional 8,190 shares during the period. Catalyst Capital Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 97.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,946 shares of the company’s stock valued at $127,000 after purchasing an additional 1,949 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Keurig Dr Pepper by 1.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 398,513 shares of the company’s stock valued at $12,800,000 after purchasing an additional 5,732 shares during the period. Finally, Principal Securities Inc. raised its holdings in shares of Keurig Dr Pepper by 13.2% during the fourth quarter. Principal Securities Inc. now owns 11,162 shares of the company’s stock valued at $359,000 after purchasing an additional 1,298 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, TD Cowen decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Stock Up 2.7 %

KDP opened at $34.04 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market cap of $46.17 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.39 and a beta of 0.61. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The company’s 50-day moving average price is $31.80 and its two-hundred day moving average price is $33.95.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the purchase, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.