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

Choreo LLC decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 58.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,077 shares of the company’s stock after selling 29,047 shares during the quarter. Choreo LLC’s holdings in Keurig Dr Pepper were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KDP. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Keurig Dr Pepper by 6.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,794,882 shares of the company’s stock valued at $71,297,000 after buying an additional 161,823 shares in the last quarter. AlphaCore Capital LLC lifted its position in shares of Keurig Dr Pepper by 447.3% in the third quarter. AlphaCore Capital LLC now owns 4,493 shares of the company’s stock valued at $116,000 after acquiring an additional 3,672 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Keurig Dr Pepper by 49.9% in the third quarter. Intech Investment Management LLC now owns 277,745 shares of the company’s stock valued at $7,085,000 after acquiring an additional 92,464 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Keurig Dr Pepper in the third quarter worth approximately $2,178,000. Finally, Parr Mcknight Wealth Management Group LLC increased its position in shares of Keurig Dr Pepper by 3.2% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 55,740 shares of the company’s stock worth $1,422,000 after purchasing an additional 1,711 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KDP has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. UBS Group restated a “buy” rating and set a $36.00 price target on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Piper Sandler upped their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, Barclays upped their price target on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.40.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the company’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 completion of the transaction, the vice president owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Down 2.8%

NASDAQ:KDP opened at $28.05 on Friday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The stock’s fifty day moving average is $28.41 and its two-hundred day moving average is $28.08. The stock has a market capitalization of $38.11 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.33. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.51.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is presently 60.13%.

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.