Evolve Private Wealth LLC Sells 24,625 Shares of Keurig Dr Pepper, Inc $KDP

Evolve Private Wealth LLC lessened its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 67.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,055 shares of the company’s stock after selling 24,625 shares during the quarter. Evolve Private Wealth LLC’s holdings in Keurig Dr Pepper were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. Fortem Financial Group LLC purchased a new position in Keurig Dr Pepper in the first quarter worth about $209,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Keurig Dr Pepper by 15.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 100,272 shares of the company’s stock valued at $2,640,000 after buying an additional 13,197 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Keurig Dr Pepper by 8.3% during the fourth quarter. Hsbc Holdings PLC now owns 3,675,575 shares of the company’s stock valued at $103,120,000 after acquiring an additional 282,406 shares in the last quarter. Stance Capital LLC increased its position in shares of Keurig Dr Pepper by 45,491.6% during the fourth quarter. Stance Capital LLC now owns 103,037 shares of the company’s stock valued at $2,886,000 after acquiring an additional 102,811 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Keurig Dr Pepper by 144.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 17,841 shares of the company’s stock worth $500,000 after acquiring an additional 10,549 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of several analyst reports. Citigroup lowered their price objective on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Wednesday, April 22nd. Finally, UBS Group lifted their price objective on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.40.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $33.48 on Friday. The business’s fifty day moving average price is $29.66 and its 200-day moving average price is $28.50. The stock has a market capitalization of $45.56 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.53 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

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.