West Paces Advisors Inc. Sells 1,733 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

West Paces Advisors Inc. trimmed its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 13.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,459 shares of the company’s stock after selling 1,733 shares during the quarter. West Paces Advisors Inc.’s holdings in Keurig Dr Pepper were worth $392,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper in the first quarter worth $27,000. 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 worth $28,000 after purchasing an additional 389 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $42,000. Finally, LRI Investments LLC raised its stake in shares of Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after purchasing an additional 605 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Royal Bank of Canada restated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.33.

Keurig Dr Pepper Trading Up 0.6%

Shares of Keurig Dr Pepper stock opened at $32.97 on Tuesday. The company’s fifty day simple moving average is $33.99 and its 200-day simple moving average is $33.07. The stock has a market capitalization of $44.78 billion, a PE ratio of 19.98, a P/E/G ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio is presently 83.64%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares of the company’s stock, valued at $5,960,482.29. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now directly owns 3,054,490 shares of the company’s stock, valued at approximately $103,730,480.40. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 698,500 shares of company stock valued at $23,591,400. Company insiders own 0.40% of the company’s stock.

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.