Wealthfront Advisers LLC Cuts Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Wealthfront Advisers LLC reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 28.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 136,992 shares of the company's stock after selling 54,437 shares during the period. Wealthfront Advisers LLC's holdings in Keurig Dr Pepper were worth $4,688,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its stake in Keurig Dr Pepper by 51.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after purchasing an additional 11,435 shares during the last quarter. Praxis Investment Management Inc. increased its stake in Keurig Dr Pepper by 112.2% in the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock valued at $672,000 after purchasing an additional 10,380 shares during the last quarter. Aspire Private Capital LLC purchased a new position in Keurig Dr Pepper in the first quarter valued at approximately $1,177,000. Envestnet Asset Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 13.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company's stock valued at $96,609,000 after acquiring an additional 339,530 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Keurig Dr Pepper during the first quarter worth $4,091,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

KDP stock opened at $33.89 on Friday. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The firm has a market capitalization of $46.03 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.56 and a beta of 0.47. The firm has a 50 day moving average price of $33.25 and a 200-day moving average price of $33.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.71%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $33.64, for a total value of $403,680.00. Following the completion of the sale, the insider owned 94,511 shares of the company's stock, valued at $3,179,350.04. This represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $33.10, for a total value of $6,884,800.00. Following the completion of the sale, the director directly owned 2,638,490 shares of the company's stock, valued at $87,334,019. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 686,500 shares of company stock valued at $23,153,640 in the last ninety days. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KDP shares. Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.