RIA Advisory Group LLC Sells 13,008 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

RIA Advisory Group LLC lessened its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 59.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. OFI Invest Asset Management acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. increased its position in shares of Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 818 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $29,000. Bruce G. Allen Investments LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $34,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KDP. Barclays increased their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Morgan Stanley cut their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. HSBC began coverage on Keurig Dr Pepper in a research report on Friday, December 22nd. They set a “hold” rating and a $37.00 price target on the stock. Finally, Royal Bank of Canada cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock traded up $0.37 during midday trading on Friday, reaching $31.50. The company had a trading volume of 8,631,527 shares, compared to its average volume of 10,596,310. The company has a market capitalization of $43.71 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.35 and a beta of 0.66. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.99. The firm’s fifty day simple moving average is $30.24 and its 200-day simple moving average is $31.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.38 and a quick ratio of 0.25.

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

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now directly owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares of the company’s stock, valued at approximately $9,579,984,617.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the sale, the director now owns 37,643 shares of the company’s stock, valued at approximately $1,101,057.75. The disclosure for this sale can be found here. Insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861 in the last ninety days. 0.81% of the stock is currently owned by corporate insiders.

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.