KBC Group NV increases share position in Keurig Dr. Pepper Inc. (NASDAQ:KDP) (2023)

KBC Group NV increased its stake in Keurig Dr. Pepper Inc. (NASDAQ:KDP-received rating) up 8.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,166 shares of the company after purchasing an additional 83,773 shares during the quarter. KBC Group NV owned approximately 0.07% of Keurig Dr. Pepper valued at $36,686,000.

→ Stocks positioned for the year (By PressReach)

• Is Keurig-Dr. Pepper a value worth buying?

A number of other institutional investors and hedge funds have also bought and sold shares of KDP. American Century Companies Inc. increased its stake in Keurig Dr Pepper by 14.1% in the first quarter. American Century Companies Inc. now owns 16,908 shares of the company's stock valued at $641,000 after purchasing an additional 2,093 shares last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Keurig Dr. Pepper up 18.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company's stock valued at $812,000 after purchasing an additional 3,263 shares last quarter. Private Advisor Group LLC increased its stake in Keurig Dr Pepper by 11.9% in the first quarter. Private Advisor Group LLC now owns 15,904 shares of the company's stock valued at $603,000 after purchasing an additional 1,697 shares last quarter. MetLife Investment Management LLC acquired a new position in shares of Keurig Dr. Pepper worth about $530,000. Finally, Yousif Capital Management LLC increased its stake in Keurig Dr Pepper by 11.6% during the first quarter. Yousif Capital Management LLC now owns 16,053 shares of the company's stock valued at $608,000 after purchasing an additional 1,669 shares last quarter. 52.29% of the shares are owned by hedge funds and other institutional investors.

Insider activity at Keurig Dr. Pepper

In related news, CFO Sudhanshu Shekhar Priyadarshi acquired 10,000 shares of the company in a transaction that took place on Wednesday, January 18th. The shares were acquired at an average price of $35.00 per share for a total transaction of $350,000.00. Following the completion of the acquisition, the Chief Financial Officer now directly owns 10,000 shares of the company, valued at approximately $350,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed herethis link. In other news, CEORobert James Gamgortsold 125,000 shares of the company's shares in a transaction on Friday, January 6th. The shares were sold at an average price of $36.03 for a total transaction of $4,503,750.00. Following the sale, the Chief Executive Officer now owns 3,303,186 shares of the Company, valued at approximately $119,013,791.58. The sale was disclosed in a document filed with the SEC, which is available atthis link. Also, CFO Sudhanshu Shekhar Priyadarshi bought 10,000 shares of the company in a transaction on Wednesday, January 18th. The shares were acquired at an average price of $35.00 per share for a total transaction of $350,000.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company, valued at approximately $350,000. The disclosure for this purchase can be foundhere. 1.00% of the shares are currently owned by company insiders.

Wall Street analysts forecast growth

KDP has been the subject of several research reports. Wedbush ceased reporting on shares of Keurig Dr. Pepper in a research note. They set an "outperform" rating and a price target of $43.00 for the stock. Truist Financial downgraded the shares of Keurig Dr. Pepper downgraded it to a "sell" rating from a "hold" rating and lowered its price target on the stock to $30.00 from $40.00 in a research note on Monday, October 31.StockNews.comsold the shares of Keurig Dr. Downgraded Pepper from a “buy” rating to a “hold” rating in a research note on Monday, October 31. JPMorgan Chase & Co. raised its target price on shares of Keurig Dr. Pepper from $40.00 to $41.00 and rated the stock "overweight" in a research note on Thursday, January 26. Finally, Wells Fargo & Company lowered its target price on shares of Keurig Dr. Pepper from $42.00 to $40.00 and rated the stock as an “overweight” in a research note on Tuesday, January 3rd. One research analyst has rated the company's stock with a sell rating, four with a hold rating and four with a buy rating. According to MarketBeat, Keurig has Dr. Pepper currently has a consensus rating of Hold and a consensus target of $39.50.

Keurig Dr Pepper stock performance

NASDAQ:KDPopened at $34.72 on Tuesday. The stock has a market cap of $49.17 billion, a P/E of 27.13, a price-to-earnings-to-growth ratio of 2.87, and a beta of 0.64. The company's 50-day simple moving average is $36.49 and its 200-day simple moving average is $37.29. Keurig Dr Pepper Inc. has a 12 month low of $33.35 and a 12 month high of $41.31. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt to equity ratio of 0.46.

keurig dr Pepper announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 20th. Investors of record were paid a dividend of $0.20 on Friday, January 6th. That equates to an annualized dividend of $0.80 and a yield of 2.30%. The ex-dividend date of this dividend was Thursday January 5th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 62.50%.

Keurig Dr Pepper company profile

(received rating)

Keurig Dr Pepper, Inc is engaged in the manufacture and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates and Latin Beverages. The Coffee Systems segment includes the manufacture and sale of finished products related to coffee, pods and brewing equipment.

See also

• Get a free copy of the StockNews.com research report on Keurig Dr. Pepper (KDP)
• Lucid Group buyout rumors continue
• Is Zimmer Biomet a buy before win?
• Tesla's recovery is gaining momentum
• Is Hasbro's Drop worth messing around with?
• These AI and cloud stocks are down significantly, but not for long

Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.comto view the latest 13F filings and insider trading for Keurig Dr. to obtain Pepper Inc. (NASDAQ:KDP-received rating).

This instant news alert was generated by MarketBeat's narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Keurig Dr. Invest Pepper?

Hear this before you consider Keurig Dr Pepper.

MarketBeat tracks Wall Street's best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified themfive sharesthat top analysts are softly whispering to their clients to buy now, before the broader market takes hold... and Keurig Dr. Pepper wasn't on the list.

While Keurig Dr. While Pepper is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here