Wealth Alliance Sells 1,186 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Wealth Alliance decreased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,131 shares of the company’s stock after selling 1,186 shares during the period. Wealth Alliance’s holdings in Keurig Dr Pepper were worth $293,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KDP. FMR LLC increased its position in Keurig Dr Pepper by 9.8% during the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after buying an additional 9,105,164 shares during the period. State Street Corp increased its position in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after buying an additional 4,970,467 shares during the period. National Bank of Canada FI increased its position in Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock worth $91,908,000 after buying an additional 1,956,138 shares during the period. King Luther Capital Management Corp increased its position in Keurig Dr Pepper by 125.5% during the 3rd quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock worth $51,679,000 after buying an additional 767,298 shares during the period. Finally, Suvretta Capital Management LLC bought a new position in Keurig Dr Pepper during the 3rd quarter worth $26,352,000. Institutional investors own 93.99% of the company’s stock.

Insider Activity

In other news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost 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 trade represents a 1.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group reduced their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada increased 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. Wells Fargo & Company reduced their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $34.04 on Friday. The stock’s 50-day simple moving average is $31.80 and its 200 day simple moving average is $33.95. The firm has a market capitalization of $46.17 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61. 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 twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is 55.76%.

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.