SG Americas Securities LLC Cuts Stock Position in Keurig Dr Pepper, Inc $KDP

SG Americas Securities LLC cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 22.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,491,986 shares of the company’s stock after selling 438,917 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Keurig Dr Pepper worth $39,284,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $26,000. Clearstead Trust LLC raised its position in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares during the period. Activest Wealth Management raised its position in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the period. Washington Trust Advisors Inc. purchased a new position in Keurig Dr Pepper in the fourth quarter valued at about $31,000. Finally, Rossby Financial LCC grew its position in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after acquiring an additional 339 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $30.87 on Wednesday. The firm has a market cap of $42.00 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.41 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. The company’s 50 day moving average is $29.27 and its 200-day moving average is $28.42. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

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

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s payout ratio is 68.15%.

Wall Street Analysts Forecast Growth

KDP has been the subject of several research analyst reports. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. UBS Group boosted their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $32.00.

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.