Sequoia Financial Advisors LLC Has $511,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sequoia Financial Advisors LLC increased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 60.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,333 shares of the company’s stock after buying an additional 5,775 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Keurig Dr Pepper were worth $511,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings in shares of Keurig Dr Pepper by 973.8% in the third quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 818 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $34,000. Finally, Resurgent Financial Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $34,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 0.0 %

NASDAQ:KDP opened at $30.44 on Wednesday. The company has a market cap of $42.24 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.30 and a beta of 0.66. The stock’s fifty day moving average price is $30.26 and its two-hundred day moving average price is $31.00. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.83%. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company’s stock, valued at $1,101,057.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert James Gamgort bought 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 over the last 90 days. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KDP shares. Barclays upped their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Morgan Stanley reduced their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Royal Bank of Canada dropped their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. HSBC began coverage on Keurig Dr Pepper in a research note on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective on the stock. Finally, Wedbush dropped their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Company Profile

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.