Zions Bancorporation National Association UT Sells 18,905 Shares of Keurig Dr Pepper, Inc $KDP

Zions Bancorporation National Association UT lessened its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 78.9% during the third quarter, HoldingsChannel.com reports. The firm owned 5,066 shares of the company’s stock after selling 18,905 shares during the period. Zions Bancorporation National Association UT’s holdings in Keurig Dr Pepper were worth $129,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KDP. NewEdge Advisors LLC lifted its position in Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC increased its position in shares of Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after acquiring an additional 49,741 shares during the last quarter. Woodline Partners LP raised its holdings in Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper during the second quarter valued at approximately $328,000. Finally, Nordea Investment Management AB grew its stake in Keurig Dr Pepper by 14.9% in the second quarter. Nordea Investment Management AB now owns 98,812 shares of the company’s stock valued at $3,257,000 after purchasing an additional 12,794 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Jefferies Financial Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $32.00 in a research report on Tuesday, December 16th. Piper Sandler increased their price target on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 28th. Finally, UBS Group reiterated a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $34.87.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $29.14 on Thursday. The company has a market cap of $39.59 billion, a P/E ratio of 25.12, a P/E/G ratio of 1.99 and a beta of 0.34. The firm’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $28.39. Keurig Dr Pepper, Inc has a one year low of $25.03 and a one year high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.