Los Angeles Capital Management LLC Lowers Stake in Keurig Dr Pepper, Inc $KDP

Los Angeles Capital Management LLC cut its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 44.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,030 shares of the company’s stock after selling 28,527 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Keurig Dr Pepper were worth $1,158,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KDP. Amundi raised its stake in shares of Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after purchasing an additional 315,290 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in Keurig Dr Pepper by 61.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after buying an additional 23,167 shares during the period. Truist Financial Corp increased its stake in Keurig Dr Pepper by 15.2% in the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after buying an additional 39,916 shares during the period. LBP AM SA raised its position in Keurig Dr Pepper by 1,772.6% during the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after buying an additional 519,851 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Keurig Dr Pepper by 9.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after acquiring an additional 12,530 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. HSBC reiterated a “hold” rating and set a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Bank of America reduced their price target 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. TD Cowen decreased their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a research report on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.27.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $26.90 on Thursday. The firm has a market capitalization of $36.55 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40. The business’s 50 day simple moving average is $26.84 and its 200-day simple moving average is $31.00. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s payout ratio is currently 79.31%.

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.