Northern Financial Advisors Inc Sells 1,007 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Northern Financial Advisors Inc lowered its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,241 shares of the company’s stock after selling 1,007 shares during the quarter. Northern Financial Advisors Inc’s holdings in Keurig Dr Pepper were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KDP. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after purchasing an additional 242,315 shares during the period. Swedbank AB boosted its stake in Keurig Dr Pepper by 57.7% in the 3rd quarter. Swedbank AB now owns 733,823 shares of the company’s stock valued at $27,504,000 after buying an additional 268,555 shares in the last quarter. Pathstone Holdings LLC raised its stake in Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after acquiring an additional 22,657 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock valued at $22,806,000 after acquiring an additional 41,466 shares during the period. Finally, LMR Partners LLP boosted its stake in shares of Keurig Dr Pepper by 55.5% in the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after purchasing an additional 186,002 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $31.87 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The firm has a market cap of $43.23 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.16 and a beta of 0.61. The stock has a 50-day moving average price of $31.92 and a 200 day moving average price of $34.04.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. TD Cowen dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada boosted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Citigroup dropped their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, UBS Group cut their price objective on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. 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 MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $37.50.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the purchase, the insider now owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. This represents a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Company 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.