Diversify Advisory Services LLC Sells 17,969 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Diversify Advisory Services LLC reduced its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 53.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,507 shares of the company's stock after selling 17,969 shares during the period. Diversify Advisory Services LLC's holdings in Keurig Dr Pepper were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KDP. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after buying an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after acquiring an additional 8,363,192 shares during the last quarter. Norges Bank purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $197,819,000. Finally, Wellington Management Group LLP grew its position in shares of Keurig Dr Pepper by 10.3% during the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the transaction, the director owned 2,846,490 shares in the company, valued at $97,122,238.80. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 698,500 shares of company stock valued at $23,557,560. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

KDP traded up $0.38 during trading on Tuesday, hitting $33.70. 5,530,078 shares of the company traded hands, compared to its average volume of 10,978,822. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The firm has a market cap of $45.76 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average is $33.25 and its 200 day moving average is $33.20.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm's revenue was up 4.8% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a $0.23 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Barclays decreased their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, June 27th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.62.

About Keurig Dr Pepper

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.