Vestmark Advisory Solutions Inc. Trims Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Vestmark Advisory Solutions Inc. decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,849 shares of the company’s stock after selling 3,290 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Keurig Dr Pepper were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KDP. Perigon Wealth Management LLC raised its stake in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after acquiring an additional 342 shares during the period. Custom Index Systems LLC increased its stake in shares of Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares in the last quarter. First Hawaiian Bank raised its position in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after purchasing an additional 384 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock valued at $532,000 after buying an additional 400 shares in the last quarter. Finally, CX Institutional boosted its holdings in Keurig Dr Pepper by 5.0% in the 4th quarter. CX Institutional now owns 8,534 shares of the company’s stock worth $274,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % 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. Also, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total value 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 approximately $110,998,993.14. This trade represents a 11.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890 in the last quarter. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $33.34 on Friday. Keurig Dr Pepper Inc. has a 12-month low of $28.62 and a 12-month high of $38.28. 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 50-day moving average price of $32.03 and a 200-day moving average price of $33.89. The firm has a market capitalization of $45.23 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Wall Street Analyst Weigh In

Several research firms have commented on KDP. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Morgan Stanley upped their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

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.