Jefferies Financial Group Inc. Decreases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Jefferies Financial Group Inc. reduced its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 83.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,394 shares of the company's stock after selling 46,867 shares during the period. Jefferies Financial Group Inc.'s holdings in Keurig Dr Pepper were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. New Age Alpha Advisors LLC boosted its position in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Keurig Dr Pepper during the fourth quarter worth $42,000. LRI Investments LLC grew its position in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after buying an additional 605 shares during the period. Finally, R Squared Ltd acquired a new stake in Keurig Dr Pepper during the fourth quarter valued at $70,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.02 during midday trading on Wednesday, hitting $32.80. The company had a trading volume of 11,215,637 shares, compared to its average volume of 10,735,083. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The stock has a market cap of $44.55 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The business's 50-day simple moving average is $34.11 and its 200-day simple moving average is $33.04.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.80%. Keurig Dr Pepper's payout ratio is 83.64%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KDP shares. UBS Group raised their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.33.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the sale, the director now directly owns 2,846,490 shares of the company's stock, valued at approximately $97,122,238.80. The trade was a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the completion of the transaction, the insider now owns 154,511 shares in the company, valued at approximately $5,499,046.49. This represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock worth $23,591,400 in the last ninety days. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Company 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.