Berkeley Capital Partners LLC Sells 8,536 Shares of Keurig Dr Pepper, Inc $KDP

Berkeley Capital Partners LLC lessened its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,284 shares of the company’s stock after selling 8,536 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $1,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC bought a new stake in Keurig Dr Pepper in the 1st quarter valued at $25,000. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper in the 2nd quarter valued at $26,000. WPG Advisers LLC bought a new stake in Keurig Dr Pepper in the 1st quarter valued at $43,000. Continuum Advisory LLC increased its holdings in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after buying an additional 602 shares during the period. Finally, Private Trust Co. NA increased its holdings in 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. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 1.0%

Shares of NASDAQ KDP opened at $27.75 on Tuesday. The firm’s 50-day simple moving average is $28.60 and its 200 day simple moving average is $31.91. The company has a market cap of $37.70 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The business 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 firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, research 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 business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is 82.14%.

Insider Transactions at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. This represents a 8.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 423,601 shares of company stock worth $14,017,592. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KDP has been the topic of several analyst reports. Hsbc Global Res lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. HSBC reaffirmed a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Citigroup lowered their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. Piper Sandler lowered their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Finally, BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.87.

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.