Hartford Investment Management Co. Has $2.23 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Hartford Investment Management Co. increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 69,474 shares of the company’s stock after acquiring an additional 3,338 shares during the quarter. Hartford Investment Management Co.’s holdings in Keurig Dr Pepper were worth $2,232,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the third quarter worth $35,000. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper in the third quarter worth $61,000. R Squared Ltd acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at $70,000. Finally, Catalyst Capital Advisors LLC raised its position in Keurig Dr Pepper by 52.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock worth $75,000 after purchasing an additional 684 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays reduced their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Keurig Dr Pepper Stock Performance

KDP opened at $31.87 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The company has a market cap of $43.23 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.16 and a beta of 0.61. The company’s fifty day moving average price is $31.92 and its two-hundred day moving average price is $34.04.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.89%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.