ClariVest Asset Management LLC Invests $17.80 Million in Keurig Dr Pepper Inc (KDP) Stock
ClariVest Asset Management LLC acquired a new stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 694,199 shares of the company’s stock, valued at approximately $17,801,000.
Other hedge funds also recently bought and sold shares of the company. FMR LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $459,135,000. Vanguard Group Inc. bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $388,634,000. Vanguard Group Inc bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $388,634,000. BlackRock Inc. bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $173,646,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $135,460,000. 10.47% of the stock is owned by institutional investors.
A number of analysts have commented on the company. ValuEngine raised Keurig Dr Pepper from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Macquarie raised Keurig Dr Pepper from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $24.00 to $30.00 in a report on Tuesday, December 4th. Gabelli lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $28.48 target price for the company. in a report on Thursday, November 8th. Finally, SunTrust Banks assumed coverage on Keurig Dr Pepper in a report on Friday, December 7th. They issued a “buy” rating and a $35.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $28.20.
KDP stock opened at $27.78 on Monday. The firm has a market capitalization of $39.08 billion, a PE ratio of 10.21, a PEG ratio of 1.31 and a beta of 0.52. Keurig Dr Pepper Inc has a 1 year low of $20.46 and a 1 year high of $124.36. The company has a current ratio of 0.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.65.
The company also recently declared a quarterly dividend, which was paid on Friday, January 18th. Stockholders of record on Friday, January 4th were paid a $0.15 dividend. The ex-dividend date was Thursday, January 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 13.22%.
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Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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