Sun Sep 15 17:38:47 UTC 2024: ## Keurig Dr Pepper Sees Increased Interest from Hedge Funds

**New York, NY (MarketBeat News) -** Several hedge funds have recently increased their holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP), a leading beverage company. Meeder Advisory Services Inc., for example, boosted its stake in KDP by 37.9% during the second quarter, now owning 13,171 shares worth $440,000.

Other notable increases include:

* Farmers & Merchants Investments Inc. lifting its stake by 51.5%.
* Morningstar Investment Management LLC increasing its stake by 1.1%.
* Kentucky Retirement Systems boosting its holdings by 0.4%.
* Mather Group LLC. growing its position by 29.0%.
* US Bancorp DE increasing its stake by 0.4%.

These moves by hedge funds indicate growing confidence in KDP’s future prospects. This confidence is further reflected by the fact that institutional investors and hedge funds now own 85.23% of the company’s stock.

KDP’s stock opened at $37.61 on Friday, with a 52-week low of $27.66 and a 52-week high of $37.69. The company recently declared a quarterly dividend of $0.23, representing an increase from the previous quarter’s dividend.

Analyst sentiment towards KDP is largely positive, with eight investment analysts giving the stock a “buy” rating and eight assigning a “hold” rating. MarketBeat currently assigns KDP an average rating of “Moderate Buy” with a consensus price target of $36.50.

Keurig Dr Pepper Inc. is a global beverage giant, manufacturing and distributing a wide range of beverages and single-serve brewing systems. The company operates in three segments: U.S. Refreshment Beverages, U.S. Coffee, and International.

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