Wealthfront Advisers LLC Sells 8,500 Shares of Keurig Dr Pepper, Inc $KDP

Wealthfront Advisers LLC lowered its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,492 shares of the company’s stock after selling 8,500 shares during the period. Wealthfront Advisers LLC’s holdings in Keurig Dr Pepper were worth $4,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Keurig Dr Pepper during the first quarter valued at approximately $25,000. Chung Wu Investment Group LLC bought a new position in shares of Keurig Dr Pepper during the second quarter worth $26,000. WPG Advisers LLC bought a new position in shares of Keurig Dr Pepper during the first quarter worth $43,000. Private Trust Co. NA grew its holdings in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after buying an additional 339 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Keurig Dr Pepper in the 1st quarter valued at $68,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Performance

KDP opened at $28.85 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The business’s 50-day simple moving average is $27.78 and its 200 day simple moving average is $31.65. The firm has a market capitalization of $39.19 billion, a PE ratio of 24.87, a PEG ratio of 1.62 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Analysts Set New Price Targets

Several research firms have weighed in on KDP. The Goldman Sachs Group reduced their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. UBS Group reiterated a “buy” rating and set a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday. BNP Paribas cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Citigroup cut their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Finally, Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.27.

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.