Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Signaturefd LLC

Posted by Defense World Staff on Apr 15th, 2023

Signaturefd LLC lessened its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,722 shares of the company’s stock after selling 1,433 shares during the quarter. Signaturefd LLC’s holdings in Keurig Dr Pepper were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Peak Financial Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 1.0% in the 3rd quarter. Peak Financial Advisors LLC now owns 28,286 shares of the company’s stock valued at $1,013,000 after purchasing an additional 284 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 0.5% in the 3rd quarter. Unison Advisors LLC now owns 57,190 shares of the company’s stock valued at $2,060,000 after purchasing an additional 293 shares during the last quarter. Veritable L.P. boosted its holdings in shares of Keurig Dr Pepper by 0.3% in the 3rd quarter. Veritable L.P. now owns 116,911 shares of the company’s stock valued at $4,188,000 after purchasing an additional 350 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Keurig Dr Pepper by 32.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,481 shares of the company’s stock valued at $53,000 after purchasing an additional 365 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its holdings in shares of Keurig Dr Pepper by 0.9% in the 3rd quarter. Avitas Wealth Management LLC now owns 42,820 shares of the company’s stock valued at $1,534,000 after purchasing an additional 383 shares during the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $35.10 on Friday. The company has a 50-day moving average of $35.13 and a 200-day moving average of $36.35. The company has a market capitalization of $49.37 billion, a P/E ratio of 34.75, a PEG ratio of 2.95 and a beta of 0.58. Keurig Dr Pepper Inc. has a 1-year low of $33.35 and a 1-year high of $41.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.47.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). The company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.78 billion. Keurig Dr Pepper had a return on equity of 9.48% and a net margin of 10.22%. Keurig Dr Pepper’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.78 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, March 30th. Keurig Dr Pepper’s payout ratio is currently 79.21%.

Analyst Ratings Changes

A number of equities analysts have recently commented on KDP shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Keurig Dr Pepper from $38.00 to $36.00 in a research note on Monday, March 20th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, January 26th. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 3rd. Barclays raised their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 in a research note on Friday. Finally, Citigroup initiated coverage on shares of Keurig Dr Pepper in a research note on Thursday, February 16th. They issued a “neutral” rating and a $37.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus target price of $38.56.

Insider Activity

In other Keurig Dr Pepper news, insider Anthony Shoemaker purchased 5,297 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was acquired at an average cost of $34.82 per share, with a total value of $184,441.54. Following the acquisition, the insider now owns 62,297 shares of the company’s stock, valued at approximately $2,169,181.54. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Keurig Dr Pepper news, insider Anthony Shoemaker purchased 5,297 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The stock was acquired at an average cost of $34.82 per share, with a total value of $184,441.54. Following the acquisition, the insider now owns 62,297 shares of the company’s stock, valued at approximately $2,169,181.54. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sudhanshu Shekhar Priyadarshi purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 18th. The stock was acquired at an average cost of $35.00 per share, with a total value of $350,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $350,000. The disclosure for this purchase can be found here. In the last three months, insiders acquired 74,797 shares of company stock valued at $2,609,558. Company insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.