Dana Investment Advisors Inc. Lowers Stock Holdings in Keurig Dr Pepper, Inc $KDP

Dana Investment Advisors Inc. reduced its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,229 shares of the company’s stock after selling 27,285 shares during the period. Dana Investment Advisors Inc.’s holdings in Keurig Dr Pepper were worth $7,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KDP. Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth $26,000. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the fourth quarter valued at $26,000. Clearstead Trust LLC boosted its holdings in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the period. SBI Securities Co. Ltd. boosted its holdings in Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the period. Finally, Activest Wealth Management boosted its holdings in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 0.6%

Keurig Dr Pepper stock opened at $28.93 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The stock has a market cap of $39.36 billion, a PE ratio of 21.43, a P/E/G ratio of 1.32 and a beta of 0.41. The stock’s fifty day moving average is $27.29 and its two-hundred day moving average is $27.83.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the firm earned $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KDP. Citigroup decreased their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Zacks Research upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $31.57.

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.