Commonwealth Equity Services LLC Has $713,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Commonwealth Equity Services LLC lessened its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,211 shares of the company’s stock after selling 1,770 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Keurig Dr Pepper were worth $713,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KDP. LRI Investments LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth approximately $35,000. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $37,000. Brooklyn Investment Group lifted its position in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after acquiring an additional 554 shares during the period. R Squared Ltd acquired a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $70,000. Finally, Cromwell Holdings LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth $77,000. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $40.00 in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, TD Cowen cut their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the transaction, the insider now owns 166,511 shares of the company’s stock, valued at $5,791,252.58. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,409,350 shares of company stock worth $2,756,709,930 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Up 1.4 %

Keurig Dr Pepper stock opened at $35.63 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a market cap of $48.34 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The firm’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $33.51.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. Research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 87.62%.

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.