ClariVest Asset Management LLC lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 227,109 shares of the company’s stock after selling 6,048 shares during the quarter. ClariVest Asset Management LLC’s holdings in Keurig Dr Pepper were worth $8,371,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Boston Partners acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $575,364,000. Allspring Global Investments Holdings LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $380,955,000. Capital World Investors lifted its holdings in Keurig Dr Pepper by 5.9% during the 3rd quarter. Capital World Investors now owns 51,317,753 shares of the company’s stock worth $1,753,014,000 after buying an additional 2,853,107 shares during the period. Hamlin Capital Management LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $103,820,000. Finally, Rit Capital Partners Plc acquired a new position in Keurig Dr Pepper during the 3rd quarter worth about $79,081,000. Institutional investors and hedge funds own 50.58% of the company’s stock.
In other news, insider Maria A. Sceppaguercio-Gever sold 8,275 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $37.75, for a total value of $312,381.25. Following the completion of the transaction, the insider now directly owns 130,435 shares of the company’s stock, valued at $4,923,921.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony Shoemaker bought 5,500 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average cost of $35.60 per share, with a total value of $195,800.00. Following the completion of the acquisition, the insider now owns 53,500 shares of the company’s stock, valued at $1,904,600. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Keurig Dr Pepper had a return on equity of 9.22% and a net margin of 18.71%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper Inc. will post 1.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, June 30th. Keurig Dr Pepper’s payout ratio is 44.64%.
Separately, Truist Financial downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, March 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Buy” and an average price target of $39.67.
About Keurig Dr Pepper (Get Rating)
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
- Get a free copy of the StockNews.com research report on Keurig Dr Pepper (KDP)
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