Cerity Partners LLC Sells 4,792 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Cerity Partners LLC lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 138,030 shares of the company’s stock after selling 4,792 shares during the period. Cerity Partners LLC’s holdings in Keurig Dr Pepper were worth $4,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KDP. New Age Alpha Advisors LLC boosted its position in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $42,000. Brooklyn Investment Group grew its stake in shares of Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after purchasing an additional 554 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Keurig Dr Pepper in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.2 %

KDP opened at $35.16 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a market cap of $47.70 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. 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 50 day simple moving average of $33.39 and a 200 day simple moving average of $33.32.

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

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Analyst Upgrades and Downgrades

Several analysts recently commented on KDP shares. TD Cowen decreased their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $35.00 to $40.00 in a research report on Wednesday. Finally, UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.77.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares in the company, valued at $5,960,482.29. This represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 84,409,350 shares of company stock valued at $2,756,709,930. Corporate insiders own 1.00% of the company’s stock.

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.