Keurig Dr Pepper, Inc $KDP Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 56.6% in the third quarter, HoldingsChannel.com reports. The firm owned 450,690 shares of the company’s stock after selling 587,821 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Keurig Dr Pepper were worth $11,497,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Chung Wu Investment Group LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $26,000. NewSquare Capital LLC lifted its position in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at $26,000. Mather Group LLC. purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $30,000. Finally, Bartlett & CO. Wealth Management LLC grew its position in shares of Keurig Dr Pepper by 347.3% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,230 shares of the company’s stock valued at $31,000 after buying an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Piper Sandler upped their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Barclays boosted their target price on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. TD Cowen dropped their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Friday, October 31st. Finally, Citigroup decreased their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Keurig Dr Pepper Stock Up 1.3%

KDP opened at $27.61 on Friday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The business has a 50 day moving average price of $27.75 and a two-hundred day moving average price of $29.48. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The company has a market cap of $37.51 billion, a PE ratio of 23.80, a P/E/G ratio of 1.87 and a beta of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.23 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s dividend payout ratio is presently 79.31%.

About Keurig Dr Pepper

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.