Yousif Capital Management LLC Decreases Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Yousif Capital Management LLC cut its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,037 shares of the company’s stock after selling 5,064 shares during the quarter. Yousif Capital Management LLC’s holdings in Keurig Dr Pepper were worth $4,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. OFI Invest Asset Management purchased a new stake in Keurig Dr Pepper in the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $34,000. Ulland Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $50,000. Finally, Operose Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research reports. TD Cowen increased their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday. Morgan Stanley cut their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Royal Bank of Canada dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.33.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the completion of the transaction, the insider now owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Down 0.4 %

Shares of KDP opened at $33.72 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65. The stock’s 50 day moving average is $30.41 and its two-hundred day moving average is $31.08. The firm has a market cap of $46.79 billion, a P/E ratio of 21.75, a PEG ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $0.34 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.55%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is currently 55.48%.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.