Chesapeake Capital Corp IL Sells 13,527 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Chesapeake Capital Corp IL lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 67.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,628 shares of the company’s stock after selling 13,527 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Keurig Dr Pepper were worth $213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the third quarter worth $35,000. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $37,000. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper during the third quarter worth $61,000. R Squared Ltd bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $70,000. Finally, Cromwell Holdings LLC bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $77,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $33.59 on Wednesday. The firm has a market cap of $45.57 billion, a PE ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $29.26 and a 1-year high of $38.28. The company has a fifty day moving average price of $32.28 and a 200 day moving average price of $33.70.

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

Keurig Dr Pepper Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KDP shares. Morgan Stanley lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Insider Transactions at Keurig Dr Pepper

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

Keurig Dr Pepper 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.