Pacer Advisors Inc. Sells 45,926 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Pacer Advisors Inc. reduced its stake in Keurig Dr Pepper by 21.4%, owning a total of 168,731 shares worth approximately $5.77 million after selling 45,926 shares during the first quarter.
• Keurig Dr Pepper reported a quarterly earnings of $0.49 per share, meeting analyst expectations, with revenues of $4.16 billion, marking a 6.1% year-over-year increase.
• The company recently announced a dividend of $0.23 per share, reflecting an annual yield of 2.77% and a payout ratio of 82.14%.

Pacer Advisors Inc. lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,731 shares of the company's stock after selling 45,926 shares during the quarter. Pacer Advisors Inc.'s holdings in Keurig Dr Pepper were worth $5,774,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. UniSuper Management Pty Ltd raised its stake in Keurig Dr Pepper by 28.8% during the 4th quarter. UniSuper Management Pty Ltd now owns 100,928 shares of the company's stock worth $3,242,000 after acquiring an additional 22,558 shares during the period. Blair William & Co. IL raised its holdings in shares of Keurig Dr Pepper by 46.1% in the fourth quarter. Blair William & Co. IL now owns 11,729 shares of the company's stock worth $377,000 after buying an additional 3,700 shares during the period. Norges Bank purchased a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $197,819,000. New Age Alpha Advisors LLC grew its stake in Keurig Dr Pepper by 82.8% in the fourth 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. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Keurig Dr Pepper by 3.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 391,296 shares of the company's stock worth $12,568,000 after buying an additional 14,377 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the transaction, the vice president owned 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 282,500 shares of company stock worth $9,396,920 in the last 90 days. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Price Performance

KDP traded down $0.53 during midday trading on Thursday, reaching $33.30. 3,881,830 shares of the company's stock were exchanged, compared to its average volume of 12,239,659. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $33.26 and a two-hundred day simple moving average of $33.31. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.47 and a beta of 0.47. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28.

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

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. Keurig Dr Pepper's dividend payout ratio is 82.14%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Argus initiated coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. decreased their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Finally, UBS Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.77.

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.