Bryn Mawr Trust Advisors LLC Sells 281,951 Shares of Keurig Dr Pepper, Inc $KDP

Bryn Mawr Trust Advisors LLC cut its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 92.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,770 shares of the company’s stock after selling 281,951 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Keurig Dr Pepper were worth $606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP grew its position in Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter worth about $328,000. Finally, Janney Montgomery Scott LLC raised its position in Keurig Dr Pepper by 7.6% in the second quarter. Janney Montgomery Scott LLC now owns 130,124 shares of the company’s stock valued at $4,302,000 after purchasing an additional 9,220 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on KDP shares. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday. Bank of America decreased their price target on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company increased their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.87.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the vice president owned 54,200 shares in the company, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Up 2.3%

NASDAQ:KDP opened at $27.44 on Friday. The firm’s fifty day moving average is $27.98 and its 200-day moving average is $28.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The firm has a market cap of $37.28 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.85 and a beta of 0.34.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

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.