Applied Finance Capital Management LLC Sells 31,866 Shares of Keurig Dr Pepper, Inc $KDP

Applied Finance Capital Management LLC lowered its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 470,578 shares of the company’s stock after selling 31,866 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Keurig Dr Pepper were worth $12,005,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KDP. NewSquare Capital LLC increased its stake in shares of Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC bought a new position in Keurig Dr Pepper during the second quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in Keurig Dr Pepper in the third quarter worth $26,000. Mather Group LLC. bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at $30,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 484 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Piper Sandler boosted 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 report on Monday, December 15th. UBS Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.87.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $28.51 on Tuesday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $38.73 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.34. The firm’s 50 day simple moving average is $28.04 and its 200 day simple moving average is $28.54.

Keurig Dr Pepper Announces Dividend

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

Insider Activity

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The stock was 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 owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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.