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Major Keurig Dr Pepper shareholder increases stake as institutional ownership climbs to 93.99%.
Sentry Investment Management LLC reduced its stake in Keurig Dr Pepper (KDP) by 14.0% in Q4 2020, but other investors increased their holdings.
A major shareholder, Bevco B.V. Jab, bought 3,619,600 shares, valued at $120.7 million.
Institutional investors now hold 93.99% of KDP's stock.
Several analysts have given positive ratings, with JPMorgan raising its price target to $40.00.
KDP has a market cap of $45.77 billion and recently declared a quarterly dividend of $0.23 per share, payable on April 11.
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El mayor accionista de Keurig Dr Pepper aumenta su participación a medida que la propiedad institucional sube al 93,99%.