Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC cut its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,489 shares of the company’s stock after selling 386 shares during the period. Checchi Capital Advisers LLC’s holdings in Keurig Dr Pepper were worth $273,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its stake in Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares during the period. State Street Corp increased its holdings in shares of Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after buying an additional 4,970,467 shares during the last quarter. National Bank of Canada FI raised its position in shares of Keurig Dr Pepper by 394.3% in the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after buying an additional 1,956,138 shares during the period. King Luther Capital Management Corp boosted its holdings in Keurig Dr Pepper by 125.5% in the third quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after acquiring an additional 767,298 shares during the last quarter. Finally, Suvretta Capital Management LLC purchased a new stake in Keurig Dr Pepper during the third quarter valued at about $26,352,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 0.4 %

Shares of Keurig Dr Pepper stock opened at $33.60 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The business has a 50-day moving average of $31.91 and a 200-day moving average of $33.94. The company has a market capitalization of $45.57 billion, a PE ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the firm earned $0.55 EPS. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KDP. Morgan Stanley raised their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler started coverage on shares of Keurig Dr Pepper in a report on Tuesday. They issued a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Company Profile

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.