Keurig Dr Pepper, Inc $KDP Shares Sold by Choate Investment Advisors

Choate Investment Advisors trimmed its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 74.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,906 shares of the company’s stock after selling 26,281 shares during the period. Choate Investment Advisors’ holdings in Keurig Dr Pepper were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. 44 Wealth Management LLC boosted its stake in Keurig Dr Pepper by 33.3% in the 4th quarter. 44 Wealth Management LLC now owns 42,156 shares of the company’s stock worth $1,181,000 after buying an additional 10,529 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 141.0% in the 4th quarter. Clearstead Advisors LLC now owns 27,727 shares of the company’s stock valued at $777,000 after purchasing an additional 16,220 shares during the last quarter. New Age Alpha Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 9.0% in the 4th quarter. New Age Alpha Advisors LLC now owns 71,947 shares of the company’s stock valued at $2,015,000 after purchasing an additional 5,914 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Keurig Dr Pepper by 102.4% in the 4th quarter. Hantz Financial Services Inc. now owns 10,124 shares of the company’s stock valued at $284,000 after purchasing an additional 5,121 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Keurig Dr Pepper by 0.4% in the 4th quarter. Swedbank AB now owns 986,192 shares of the company’s stock valued at $27,623,000 after purchasing an additional 3,943 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $29.55 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $40.20 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.33 and a beta of 0.41. The firm’s fifty day simple moving average is $27.47 and its 200 day simple moving average is $27.91. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94.

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

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.1%. Keurig Dr Pepper’s payout ratio is 68.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KDP. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup decreased their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Company 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.