Florida Trust Wealth Management Co Sells 21,047 Shares of Keurig Dr Pepper, Inc $KDP

Florida Trust Wealth Management Co cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 268,419 shares of the company’s stock after selling 21,047 shares during the period. Florida Trust Wealth Management Co’s holdings in Keurig Dr Pepper were worth $6,847,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC raised its stake in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP raised its stake in Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Keurig Dr Pepper in the second quarter worth about $520,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $328,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Bank of America dropped their price target 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. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. Wells Fargo & Company increased their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $32.00 in a report on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus target price of $34.87.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $27.41 on Monday. The business has a 50-day moving average of $27.89 and a 200-day moving average of $29.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The company has a market capitalization of $37.24 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.34. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting 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 the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.23 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

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.