RIA Advisory Group LLC Cuts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

RIA Advisory Group LLC lessened its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 59.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,953 shares of the company’s stock after selling 13,008 shares during the period. RIA Advisory Group LLC’s holdings in Keurig Dr Pepper were worth $298,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KDP. American Century Companies Inc. lifted its position in shares of Keurig Dr Pepper by 14.1% during the 1st quarter. American Century Companies Inc. now owns 16,908 shares of the company’s stock valued at $641,000 after buying an additional 2,093 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Keurig Dr Pepper by 18.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,437 shares of the company’s stock valued at $812,000 after buying an additional 3,263 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Keurig Dr Pepper by 11.9% during the 1st quarter. Private Advisor Group LLC now owns 15,904 shares of the company’s stock valued at $603,000 after buying an additional 1,697 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $530,000. Finally, Yousif Capital Management LLC lifted its position in shares of Keurig Dr Pepper by 11.6% during the 1st quarter. Yousif Capital Management LLC now owns 16,053 shares of the company’s stock valued at $608,000 after buying an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded up $0.37 during trading on Friday, reaching $31.50. The company’s stock had a trading volume of 8,631,527 shares, compared to its average volume of 10,596,310. The stock has a market capitalization of $43.71 billion, a PE ratio of 20.08, a P/E/G ratio of 2.35 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25. The firm has a fifty day moving average of $30.24 and a 200 day moving average of $31.00. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. Analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Insider Activity

In other news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Priyadarshi Sudhanshu acquired 85,910 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the completion of the transaction, the chief financial officer now directly owns 218,566 shares in the company, valued at approximately $6,360,270.60. The disclosure for this purchase can be found here. In the last three months, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KDP. Barclays increased their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group dropped their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Wedbush dropped their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Morgan Stanley dropped their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Finally, Royal Bank of Canada dropped their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.