ProShare Advisors LLC Sells 387,279 Shares of Keurig Dr Pepper, Inc $KDP

ProShare Advisors LLC lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,746,897 shares of the company’s stock after selling 387,279 shares during the quarter. ProShare Advisors LLC’s holdings in Keurig Dr Pepper were worth $44,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Candriam S.C.A. increased its stake in shares of Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after purchasing an additional 127,389 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Keurig Dr Pepper by 31.0% during the third quarter. Smartleaf Asset Management LLC now owns 9,589 shares of the company’s stock valued at $246,000 after purchasing an additional 2,268 shares during the period. Poehling Capital Management INC. increased its position in Keurig Dr Pepper by 216.7% in the third quarter. Poehling Capital Management INC. now owns 84,262 shares of the company’s stock worth $2,150,000 after buying an additional 57,653 shares in the last quarter. Cullen Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 1.8% in the third quarter. Cullen Capital Management LLC now owns 1,526,172 shares of the company’s stock worth $38,933,000 after buying an additional 27,636 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Keurig Dr Pepper by 32.9% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 85,171 shares of the company’s stock valued at $2,173,000 after buying an additional 21,106 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.87.

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $28.51 on Tuesday. The firm has a market cap of $38.73 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.95 and a beta of 0.34. The firm has a fifty day moving average price of $28.04 and a 200 day moving average price of $28.54. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

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.