SG Americas Securities LLC Lowers Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

SG Americas Securities LLC cut its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 40.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,208 shares of the company’s stock after selling 13,584 shares during the period. SG Americas Securities LLC’s holdings in Keurig Dr Pepper were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CX Institutional lifted its stake in Keurig Dr Pepper by 3.6% in the third quarter. CX Institutional now owns 8,129 shares of the company’s stock worth $305,000 after purchasing an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after acquiring an additional 300 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock valued at $250,000 after acquiring an additional 384 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in 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 acquiring an additional 400 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in Keurig Dr Pepper by 1.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company’s stock worth $1,415,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citigroup cut their target price on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Stock Up 1.2 %

NASDAQ:KDP opened at $32.24 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $43.73 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The company has a 50-day moving average of $32.12 and a 200 day moving average of $34.14. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.85%. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

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.