Sendero Wealth Management LLC Has $7.37 Million Holdings in Keurig Dr Pepper, Inc $KDP

Sendero Wealth Management LLC decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.3% during the second quarter, Holdings Channel.com reports. The firm owned 222,823 shares of the company’s stock after selling 7,609 shares during the period. Keurig Dr Pepper comprises about 0.9% of Sendero Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Sendero Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $7,367,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KDP. Rise Advisors LLC acquired a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $25,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at $43,000. Continuum Advisory LLC grew its holdings in shares of Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after acquiring an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper in the first quarter worth $48,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth $68,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent research reports. HSBC restated a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. The Goldman Sachs Group lowered their price target on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Tuesday, August 26th. Wells Fargo & Company decreased their target price on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Finally, Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.14.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $25.84 on Monday. Keurig Dr Pepper, Inc has a 1 year low of $25.27 and a 1 year high of $37.27. The company has a fifty day simple moving average of $30.16 and a 200 day simple moving average of $32.51. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The company has a market cap of $35.10 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.42 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.6%. Keurig Dr Pepper’s dividend payout ratio is presently 82.14%.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 435,601 shares of company stock worth $14,421,512 in the last ninety days. Insiders own 1.00% 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.