Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Reduced by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 90.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,163 shares of the company’s stock after selling 107,223 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Keurig Dr Pepper were worth $372,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Keurig Dr Pepper during the 4th quarter worth approximately $317,979,000. FMR LLC boosted its position in shares of Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after buying an additional 6,926,582 shares during the period. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 7.2% during the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after buying an additional 5,490,242 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after buying an additional 1,518,286 shares during the period. Finally, Northern Trust Corp lifted its stake in Keurig Dr Pepper by 13.4% in the 3rd quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock worth $384,304,000 after acquiring an additional 1,441,007 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares of the company’s stock, valued at $2,557,082.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the sale, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,124,998 shares of company stock worth $379,707,253. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $34.63 on Friday. The business’s 50-day simple moving average is $32.92 and its 200-day simple moving average is $31.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.00. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.64 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company 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 company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. As a group, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Royal Bank of Canada dropped their price target on shares of 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. Finally, Morgan Stanley reduced their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Get Our Latest Stock Analysis on KDP

About Keurig Dr Pepper

(Free Report)

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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