Keurig Dr Pepper, Inc $KDP Shares Sold by Aspire Private Capital LLC

Aspire Private Capital LLC reduced its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 74.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,979 shares of the company’s stock after selling 28,445 shares during the period. Aspire Private Capital LLC’s holdings in Keurig Dr Pepper were worth $263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after purchasing an additional 39,156 shares during the last quarter. Elo Mutual Pension Insurance Co increased its holdings in shares of Keurig Dr Pepper by 83.7% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after buying an additional 93,374 shares during the last quarter. Ossiam increased its holdings in shares of Keurig Dr Pepper by 508.0% during the 3rd quarter. Ossiam now owns 726,288 shares of the company’s stock worth $18,528,000 after buying an additional 606,826 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $2,551,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after acquiring an additional 57,797 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $33.50 on Tuesday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The firm has a market cap of $45.58 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.53 and a beta of 0.41. 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 company has a fifty day simple moving average of $29.80 and a 200 day simple moving average of $28.53.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 10.81% and a return on equity of 10.51%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. Keurig Dr Pepper’s payout ratio is 68.15%.

Analyst Ratings Changes

A number of research firms have issued reports on KDP. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $30.00 to $36.00 in a research report on Thursday. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. 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. Wells Fargo & Company dropped their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Sanford C. Bernstein started coverage on shares of Keurig Dr Pepper in a report on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.40.

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.