Metis Global Partners LLC Sells 4,913 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Metis Global Partners LLC trimmed its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,116 shares of the company’s stock after selling 4,913 shares during the period. Metis Global Partners LLC’s holdings in Keurig Dr Pepper were worth $1,953,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB increased its position in shares of Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares in the last quarter. Twin Tree Management LP purchased a new stake in Keurig Dr Pepper during the first quarter worth $512,000. TCW Group Inc. grew its holdings in Keurig Dr Pepper by 5.9% in the second quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock valued at $13,072,000 after purchasing an additional 21,726 shares during the period. Curi RMB Capital LLC lifted its holdings in Keurig Dr Pepper by 9.4% during the third quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock valued at $23,539,000 after purchasing an additional 54,167 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $275,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 5.2 %

NASDAQ:KDP opened at $31.66 on Friday. The stock has a fifty day moving average price of $35.73 and a 200 day moving average price of $34.76. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $42.95 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the firm earned $0.48 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.91%. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KDP shares. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Evercore ISI upgraded shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Barclays reduced their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.