Nisa Investment Advisors LLC Sells 49,326 Shares of Keurig Dr Pepper, Inc $KDP

Nisa Investment Advisors LLC cut its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 52.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,939 shares of the company’s stock after selling 49,326 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares during the period. Empowered Funds LLC boosted its stake in shares of Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Keurig Dr Pepper by 49.2% in the first 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 period. Parallel Advisors LLC grew its holdings in shares of Keurig Dr Pepper by 10.1% in the second quarter. Parallel Advisors LLC now owns 17,130 shares of the company’s stock worth $566,000 after acquiring an additional 1,571 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Keurig Dr Pepper by 17.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,640 shares of the company’s stock valued at $153,000 after acquiring an additional 692 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $28.12 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The stock has a market cap of $38.20 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.91 and a beta of 0.34. The company’s 50 day moving average is $27.83 and its two-hundred day moving average is $29.31.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend 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 (DPR) is currently 79.31%.

Insider Buying and Selling

In other 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 transaction, the vice president directly owned 54,200 shares in the company, 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 available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KDP. TD Cowen dropped their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. The Goldman Sachs Group cut their target price on shares of Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Jefferies Financial Group downgraded shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Finally, Barclays lifted their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell 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 $34.87.

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.