Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,188 shares of the company’s stock after selling 2,351 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Keurig Dr Pepper were worth $873,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KDP. Ashton Thomas Securities LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at $35,000. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $37,000. Brooklyn Investment Group purchased a new position in shares of Keurig Dr Pepper during the third quarter valued at $61,000. Finally, R Squared Ltd purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $70,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the purchase, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KDP. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.23.

Keurig Dr Pepper Stock Performance

KDP opened at $33.60 on Wednesday. The company has a market cap of $45.59 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The stock has a 50-day moving average of $31.99 and a 200-day moving average of $33.89. Keurig Dr Pepper Inc. has a 52-week low of $28.62 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm 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 dividend of $0.23 per share. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper’s payout ratio is 87.62%.

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.