Keurig Dr Pepper, Inc $KDP Shares Sold by Cwm LLC

Cwm LLC lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 42.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,242 shares of the company’s stock after selling 33,513 shares during the period. Cwm LLC’s holdings in Keurig Dr Pepper were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper during the second quarter worth $26,000. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper in the second quarter worth $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after acquiring an additional 1,023 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of Keurig Dr Pepper by 347.3% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,230 shares of the company’s stock worth $31,000 after purchasing an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KDP. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. TD Cowen decreased their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Finally, Bank of America dropped their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $34.87.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Down 1.5%

Shares of NASDAQ KDP opened at $27.32 on Tuesday. The firm’s 50-day moving average is $27.78 and its two-hundred day moving average is $29.55. The company has a market capitalization of $37.12 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.91 and a beta of 0.34. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, January 2nd. Keurig Dr Pepper’s payout ratio is 79.31%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.