Whipplewood Advisors LLC Sells 1,745 Shares of Keurig Dr Pepper, Inc $KDP

Whipplewood Advisors LLC cut its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 58.5% in the second quarter, Holdings Channel reports. The institutional investor owned 1,240 shares of the company’s stock after selling 1,745 shares during the period. Whipplewood Advisors LLC’s holdings in Keurig Dr Pepper were worth $41,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KDP. Rise Advisors LLC bought a new stake in Keurig Dr Pepper in the first quarter worth $25,000. Chung Wu Investment Group LLC bought a new stake in shares of Keurig Dr Pepper during the second quarter worth $26,000. WPG Advisers LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter worth $43,000. Private Trust Co. NA lifted its position in shares of Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter worth $68,000. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KDP. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Piper Sandler decreased their target price on Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Barclays downgraded Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $26.00 in a research report on Wednesday, September 24th. Finally, Bank of America decreased their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.87.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Price Performance

KDP opened at $29.23 on Tuesday. The business’s 50-day moving average is $27.91 and its two-hundred day moving average is $31.69. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The firm has a market capitalization of $39.71 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.50 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, October 23rd. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Research 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 business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is 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.