Everence Capital Management Inc. Has $297,000 Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Everence Capital Management Inc. lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,250 shares of the company’s stock after selling 7,220 shares during the quarter. Everence Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Keurig Dr Pepper by 13.4% during the second quarter. Private Advisor Group LLC now owns 17,310 shares of the company’s stock valued at $578,000 after acquiring an additional 2,045 shares during the last quarter. Savant Capital LLC raised its position in Keurig Dr Pepper by 161.5% during the 2nd quarter. Savant Capital LLC now owns 17,597 shares of the company’s stock worth $588,000 after purchasing an additional 10,869 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in Keurig Dr Pepper by 8.8% during the 2nd quarter. Lake Street Advisors Group LLC now owns 7,382 shares of the company’s stock worth $248,000 after buying an additional 599 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at about $982,000. Finally, Caprock Group LLC increased its stake in shares of Keurig Dr Pepper by 22.3% in the second quarter. Caprock Group LLC now owns 22,051 shares of the company’s stock valued at $741,000 after buying an additional 4,025 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $30.68 on Wednesday. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28. The stock’s 50 day moving average is $32.57 and its 200-day moving average is $34.35. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $41.62 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.57 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the business posted $0.48 EPS. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.23 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 3.00%. Keurig Dr Pepper’s payout ratio is 55.76%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the topic of several analyst reports. TD Cowen upped their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays cut their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, Royal Bank of Canada boosted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.21.

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.