Keurig Dr Pepper Inc. (NASDAQ:KDP) Holdings Lifted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,037 shares of the company’s stock after acquiring an additional 11,106 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Keurig Dr Pepper were worth $1,967,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Alaska Permanent Fund Corp lifted its position in shares of Keurig Dr Pepper by 2.2% during the 4th quarter. Alaska Permanent Fund Corp now owns 339,602 shares of the company’s stock valued at $11,316,000 after acquiring an additional 7,210 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at $189,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of Keurig Dr Pepper by 6.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 12,187 shares of the company’s stock valued at $407,000 after purchasing an additional 709 shares during the period. Handelsbanken Fonder AB increased its stake in Keurig Dr Pepper by 28.4% in the 4th quarter. Handelsbanken Fonder AB now owns 508,089 shares of the company’s stock worth $16,930,000 after purchasing an additional 112,419 shares in the last quarter. Finally, CWM LLC raised its holdings in Keurig Dr Pepper by 17.6% during the 4th quarter. CWM LLC now owns 18,913 shares of the company’s stock worth $630,000 after buying an additional 2,830 shares during the period. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $33.70 on Tuesday. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The stock’s 50-day moving average is $30.46 and its two-hundred day moving average is $31.14. The firm has a market cap of $45.68 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 2.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wedbush decreased their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Morgan Stanley decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday. Royal Bank of Canada reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.64.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total transaction of $354,861.00. Following the completion of the transaction, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total value of $376,956,514.20. Following the transaction, the insider now owns 283,443,879 shares of the company’s stock, valued at $8,191,528,103.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is owned by insiders.

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.