Sequoia Financial Advisors LLC Raises Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sequoia Financial Advisors LLC increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,172 shares of the company’s stock after purchasing an additional 1,433 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Keurig Dr Pepper were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in Keurig Dr Pepper during the third quarter worth $35,000. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth about $61,000. R Squared Ltd acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $70,000. Finally, Cromwell Holdings LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,385,350 shares of company stock worth $2,755,891,890 over the last three months. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler began coverage on Keurig Dr Pepper in a research report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Price Performance

KDP opened at $33.59 on Wednesday. Keurig Dr Pepper Inc. has a 1 year low of $29.26 and a 1 year high of $38.28. The company’s 50 day simple moving average is $32.28 and its 200 day simple moving average is $33.70. The stock has a market capitalization of $45.57 billion, a PE ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $0.55 EPS. Keurig Dr Pepper’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Keurig Dr Pepper 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.