Wealthfront Advisers LLC Sells 144,306 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wealthfront Advisers LLC decreased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 90.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,347 shares of the company’s stock after selling 144,306 shares during the quarter. Wealthfront Advisers LLC’s holdings in Keurig Dr Pepper were worth $493,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KDP. LRI Investments LLC acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $35,000. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Brooklyn Investment Group acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $61,000. R Squared Ltd acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $70,000. Finally, Cromwell Holdings LLC acquired a new position in Keurig Dr Pepper in the 4th quarter valued at approximately $77,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.4 %

Shares of KDP opened at $33.59 on Monday. The firm has a market capitalization of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The business’s fifty day moving average price is $32.17 and its two-hundred day moving average price is $33.74. Keurig Dr Pepper Inc. has a 52 week low of $28.80 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper’s payout ratio is 87.62%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KDP. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Morgan Stanley increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $38.23.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the transaction, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Insiders own 1.00% of the company’s stock.

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.