Berkeley Capital Partners LLC Has $1.23 Million Holdings in Keurig Dr Pepper, Inc $KDP

Berkeley Capital Partners LLC cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.6% during the second quarter, HoldingsChannel.com reports. The firm owned 37,284 shares of the company’s stock after selling 8,536 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $1,233,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KDP. Rise Advisors LLC acquired a new position in Keurig Dr Pepper during the 1st quarter valued at about $25,000. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $26,000. WPG Advisers LLC bought a new stake in shares of Keurig Dr Pepper in the 1st quarter valued at about $43,000. Continuum Advisory LLC increased its stake in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after acquiring an additional 602 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KDP. HSBC reaffirmed a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group lowered their price target on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.87.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 423,601 shares of company stock worth $14,017,592. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $27.75 on Tuesday. The business has a 50 day simple moving average of $28.60 and a 200 day simple moving average of $31.91. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $37.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The stock has a market cap of $37.70 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.55 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the business earned $0.45 EPS. Keurig Dr Pepper’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts anticipate 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 was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

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.