Keurig Dr Pepper, Inc $KDP Shares Sold by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC reduced its position in Keurig Dr Pepper by 2.8%, selling 14,550 shares, bringing their total holdings to 502,444 shares worth approximately $16.61 million.
• In recent trading, Keurig Dr Pepper's stock opened at $27.72, with a twelve-month low of $25.03 and a high of $37.27, reflecting volatility in its market performance.
• The company paid a quarterly dividend of $0.23 per share, equating to an annualized payout of $0.92, resulting in a dividend yield of 3.3%.

Applied Finance Capital Management LLC lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 502,444 shares of the company's stock after selling 14,550 shares during the period. Applied Finance Capital Management LLC's holdings in Keurig Dr Pepper were worth $16,610,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Keurig Dr Pepper by 23.2% during the 1st quarter. GAMMA Investing LLC now owns 9,963 shares of the company's stock valued at $341,000 after purchasing an additional 1,879 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Keurig Dr Pepper by 47.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 37,689 shares of the company's stock valued at $1,290,000 after buying an additional 12,157 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Keurig Dr Pepper by 3.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 33,930 shares of the company's stock worth $1,161,000 after buying an additional 1,258 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Keurig Dr Pepper by 46.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 120,904 shares of the company's stock valued at $4,137,000 after acquiring an additional 38,269 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Keurig Dr Pepper by 9.0% during the 1st quarter. State of Alaska Department of Revenue now owns 139,881 shares of the company's stock valued at $4,786,000 after acquiring an additional 11,525 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $27.72 on Friday. The company has a 50-day moving average of $28.87 and a 200-day moving average of $32.05. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper's dividend payout ratio is 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 423,601 shares of company stock worth $14,017,592. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Monday, August 25th. HSBC restated a "hold" rating and set a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Bank of America decreased their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Finally, Piper Sandler dropped their target price on Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $35.00.

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.

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