PFG Advisors Decreases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

PFG Advisors trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 20.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,306 shares of the company’s stock after selling 5,950 shares during the period. PFG Advisors’ holdings in Keurig Dr Pepper were worth $749,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $37,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at $61,000. Finally, R Squared Ltd purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Chairman Robert James Gamgort sold 416,000 shares of the company’s 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 transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought 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 approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 84,385,350 shares of company stock worth $2,755,891,890. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective on the stock. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. TD Cowen reduced their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.59 on Friday. The stock has a market cap of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. The firm’s 50-day moving average is $32.17 and its 200 day moving average is $33.78. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28. 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 (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared 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 87.62%.

About Keurig Dr Pepper

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.