Chilton Capital Management LLC Has $966,000 Stake in Keurig Dr Pepper, Inc $KDP

Chilton Capital Management LLC lowered its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 95.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,851 shares of the company’s stock after selling 745,914 shares during the quarter. Chilton Capital Management LLC’s holdings in Keurig Dr Pepper were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NewSquare Capital LLC grew its holdings 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 purchasing an additional 386 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper during the second quarter worth about $26,000. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper during the second quarter worth about $26,000. Root Financial Partners LLC bought a new position in Keurig Dr Pepper in the 3rd quarter valued at about $26,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Keurig Dr Pepper by 102,300.0% in the 2nd 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 buying an additional 1,023 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of several analyst reports. 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. Bank of America reduced their target price on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Wells Fargo & Company raised their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Barclays lifted their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.87.

Keurig Dr Pepper Trading Down 0.4%

Shares of KDP stock opened at $27.59 on Wednesday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12. The stock’s fifty day simple moving average is $28.00 and its 200 day simple moving average is $28.90. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $37.48 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.91 and a beta of 0.34.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

About Keurig Dr Pepper

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.