RIA Advisory Group LLC Sells 30,511 Shares of Keurig Dr Pepper, Inc $KDP

RIA Advisory Group LLC decreased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 72.1% during the 4th quarter, HoldingsChannel reports. The fund owned 11,782 shares of the company’s stock after selling 30,511 shares during the quarter. RIA Advisory Group LLC’s holdings in Keurig Dr Pepper were worth $330,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. AustralianSuper Pty Ltd bought a new stake in Keurig Dr Pepper in the third quarter worth $1,217,000. Bank of New York Mellon Corp increased its position in Keurig Dr Pepper by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after purchasing an additional 223,160 shares during the last quarter. Candriam S.C.A. increased its position in Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Keurig Dr Pepper by 69.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after purchasing an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in Keurig Dr Pepper by 83.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after purchasing an additional 93,374 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KDP shares. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Monday, April 27th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Wednesday, April 22nd. Barclays boosted their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Citigroup reduced their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Finally, UBS Group boosted their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Down 1.1%

NASDAQ KDP opened at $29.09 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $27.48 and a two-hundred day moving average of $27.74. The firm has a market capitalization of $39.58 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.33 and a beta of 0.41. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, March 27th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Keurig Dr Pepper 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.