SG Americas Securities LLC Lowers Holdings in Keurig Dr Pepper, Inc $KDP

SG Americas Securities LLC lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDPFree Report) by 22.7% during the 1st quarter, HoldingsChannel reports. The firm owned 1,491,986 shares of the company’s stock after selling 438,917 shares during the period. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $39,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Keurig Dr Pepper by 290.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after acquiring an additional 39,156 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in Keurig Dr Pepper by 83.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after acquiring an additional 93,374 shares during the last quarter. Ossiam increased its stake in Keurig Dr Pepper by 508.0% in the third quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after acquiring an additional 606,826 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Keurig Dr Pepper during the third quarter valued at about $2,551,000. Finally, PNC Financial Services Group Inc. lifted its stake in Keurig Dr Pepper by 47.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after purchasing an additional 57,797 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $30.87 on Wednesday. The stock has a market capitalization of $42.00 billion, a P/E ratio of 22.87, a PEG ratio of 1.41 and a beta of 0.41. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $29.27 and a two-hundred day simple moving average of $28.42.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group upped their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Barclays increased their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Sanford C. Bernstein began coverage on shares of Keurig Dr Pepper in a research note on Thursday, June 11th. They set an “outperform” rating and a $38.00 price target on the stock. Finally, Citigroup lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.00.

View Our Latest Stock Report on Keurig Dr Pepper

About Keurig Dr Pepper

(Free Report)

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

See Also

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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