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

Chilton Capital Management LLC cut its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 95.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 37,851 shares of the company’s stock after selling 745,914 shares during the period. Chilton Capital Management LLC’s holdings in Keurig Dr Pepper were worth $966,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KDP. LBP AM SA increased its position in shares of Keurig Dr Pepper by 0.7% during the third quarter. LBP AM SA now owns 553,118 shares of the company’s stock worth $14,110,000 after buying an additional 3,940 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Keurig Dr Pepper by 91.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 92,237 shares of the company’s stock valued at $2,353,000 after acquiring an additional 43,938 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Keurig Dr Pepper by 68.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,255 shares of the company’s stock worth $32,000 after acquiring an additional 511 shares during the period. Sawgrass Asset Management LLC raised its position in shares of Keurig Dr Pepper by 33.3% in the 3rd quarter. Sawgrass Asset Management LLC now owns 326,779 shares of the company’s stock worth $8,336,000 after acquiring an additional 81,547 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Keurig Dr Pepper by 0.6% in the 3rd quarter. CIBC Asset Management Inc now owns 691,082 shares of the company’s stock valued at $17,630,000 after purchasing an additional 3,837 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KDP. Wells Fargo & Company raised their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. The Goldman Sachs Group lowered their price objective on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Barclays boosted their target price 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. Finally, Piper Sandler raised their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 15th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.87.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of the firm’s 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 transaction, the vice president owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP 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 50 day moving average is $28.00 and its 200-day 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 price-to-earnings ratio of 23.78, a PEG 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 net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Keurig Dr Pepper’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given 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 payout ratio is presently 79.31%.

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.