Cwm LLC Trims Position in Keurig Dr Pepper, Inc $KDP

Cwm LLC lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 42.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,242 shares of the company’s stock after selling 33,513 shares during the quarter. Cwm LLC’s holdings in Keurig Dr Pepper were worth $1,180,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp raised its stake in shares of Keurig Dr Pepper by 15.2% in the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after acquiring an additional 39,916 shares during the period. LBP AM SA increased its holdings in Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock valued at $18,156,000 after purchasing an additional 519,851 shares in the last quarter. State of Alaska Department of Revenue raised its position in Keurig Dr Pepper by 9.0% in the second quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock valued at $5,038,000 after purchasing an additional 12,530 shares during the period. State of Michigan Retirement System lifted its stake in shares of Keurig Dr Pepper by 14.0% during the second quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock worth $12,209,000 after purchasing an additional 45,400 shares in the last quarter. Finally, Callan Family Office LLC boosted its position in shares of Keurig Dr Pepper by 290.4% in the second quarter. Callan Family Office LLC now owns 28,458 shares of the company’s stock worth $941,000 after buying an additional 21,168 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KDP shares. Citigroup reduced their price target on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. BNP Paribas cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $32.00 in a report on Tuesday, December 16th. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, 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 report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Hold” and an average target price of $34.87.

Insider Activity

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction dated 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 directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Down 1.5%

NASDAQ:KDP opened at $27.32 on Tuesday. The company has a market cap of $37.12 billion, a PE ratio of 23.55, a P/E/G ratio of 1.91 and a beta of 0.34. The business’s 50 day moving average is $27.78 and its two-hundred day moving average is $29.55. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12.

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

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, January 2nd. 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.