Wilmington Savings Fund Society FSB Sells 66,519 Shares of Keurig Dr Pepper, Inc $KDP

Wilmington Savings Fund Society FSB reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 92.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,090 shares of the company’s stock after selling 66,519 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Keurig Dr Pepper were worth $130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BCS Private Wealth Management Inc. boosted its holdings in Keurig Dr Pepper by 108.8% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 22,600 shares of the company’s stock worth $582,000 after buying an additional 11,774 shares during the period. Avantra Family Wealth Inc. bought a new position in Keurig Dr Pepper in the 3rd quarter worth approximately $309,000. Versant Capital Management Inc raised its position in shares of Keurig Dr Pepper by 988.7% during the third quarter. Versant Capital Management Inc now owns 5,476 shares of the company’s stock valued at $140,000 after buying an additional 4,973 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Keurig Dr Pepper in the third quarter worth $207,000. Finally, Exencial Wealth Advisors LLC grew its stake in Keurig Dr Pepper by 0.9% during the third quarter. Exencial Wealth Advisors LLC now owns 71,320 shares of the company’s stock valued at $1,819,000 after acquiring an additional 623 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Stock Down 0.9%

Shares of NASDAQ KDP opened at $27.70 on Thursday. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The stock’s fifty day simple moving average is $27.96 and its two-hundred day simple moving average is $29.10. The stock has a market capitalization of $37.63 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.92 and a beta of 0.34. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.

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

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research reports. TD Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Piper Sandler raised their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Friday, October 31st. The Goldman Sachs Group reduced their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Finally, Barclays increased their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.87.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.