Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Norman Fields Gottscho Capital Management LLC

Norman Fields Gottscho Capital Management LLC lessened its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the company’s stock after selling 900 shares during the quarter. Norman Fields Gottscho Capital Management LLC’s holdings in Keurig Dr Pepper were worth $202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Keurig Dr Pepper during the third quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter worth $35,000. Hexagon Capital Partners LLC boosted its position in shares of Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 530 shares in the last quarter. Federated Hermes Inc. grew its stake in Keurig Dr Pepper by 21.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after acquiring an additional 314 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of several recent research reports. Citigroup reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada raised their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.62.

Keurig Dr Pepper Trading Down 1.5 %

Shares of KDP stock opened at $31.08 on Tuesday. The firm’s 50-day simple moving average is $32.61 and its 200-day simple moving average is $34.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The firm has a market cap of $42.16 billion, a P/E ratio of 18.84, a PEG ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm posted $0.48 earnings per share. Keurig Dr Pepper’s revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.96%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Insider Buying and Selling

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