Ethic Inc. Sells 19,351 Shares of Keurig Dr Pepper, Inc $KDP

Ethic Inc. trimmed its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 182,143 shares of the company’s stock after selling 19,351 shares during the period. Ethic Inc.’s holdings in Keurig Dr Pepper were worth $4,646,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter valued at about $25,000. Chung Wu Investment Group LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter worth about $26,000. NewSquare Capital LLC grew its stake in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC purchased a new position in Keurig Dr Pepper during the 2nd quarter valued at about $26,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in 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 valued at $31,000 after purchasing an additional 955 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.0%

NASDAQ:KDP opened at $28.15 on Wednesday. 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 firm’s 50-day moving average price is $27.78 and its 200-day moving average price is $29.70. The company has a market capitalization of $38.24 billion, a PE ratio of 24.27, a P/E/G ratio of 2.05 and a beta of 0.35. 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 posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. Keurig Dr Pepper’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts predict 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, January 16th. Investors of record on Friday, January 2nd will be paid a $0.23 dividend. The ex-dividend date is Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

Analyst Upgrades and Downgrades

KDP has been the subject of several research analyst reports. 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 report on Wednesday, October 8th. BNP Paribas lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. BNP Paribas Exane downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. Finally, Barclays boosted their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus price target of $34.87.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.