Keurig Dr Pepper, Inc $KDP Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 14.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 150,963 shares of the company’s stock after selling 24,822 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Keurig Dr Pepper were worth $4,228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $26,000. Clearstead Trust LLC boosted its position in shares of Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares during the period. Mather Group LLC. purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of research analyst reports. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Zacks Research raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Wells Fargo & Company lowered their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.57.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $29.09 on Friday. The company has a fifty day simple moving average of $27.48 and a two-hundred day simple moving average of $27.74. The company has a market cap of $39.58 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.41. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. 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 results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

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

Keurig Dr Pepper Company 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.