Quarry LP Sells 10,363 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Quarry LP decreased its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 70.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,255 shares of the company’s stock after selling 10,363 shares during the quarter. Quarry LP’s holdings in Keurig Dr Pepper were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC raised its stake in shares of Keurig Dr Pepper by 82.8% in the fourth 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 during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Brooklyn Investment Group raised its stake in shares of Keurig Dr Pepper by 34.0% in the fourth 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 last quarter. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research analyst reports. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, 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 research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the transaction, the vice president now owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This trade represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $34.04 on Tuesday. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The firm has a market capitalization of $46.18 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $34.15 and a 200-day moving average of $33.17.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s payout ratio is presently 83.64%.

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.