Ameritas Investment Partners Inc. Has $1.58 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Ameritas Investment Partners Inc. reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.7% during the first quarter, Holdings Channel.com reports. The firm owned 51,405 shares of the company’s stock after selling 340 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Keurig Dr Pepper were worth $1,577,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $29,000. Mather Group LLC. bought a new position in shares of Keurig Dr Pepper in the first quarter valued at approximately $45,000. Ulland Investment Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $50,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Keurig Dr Pepper by 79.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after buying an additional 715 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in Keurig Dr Pepper in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of Keurig Dr Pepper stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Patrick Minogue sold 17,293 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the sale, the insider now owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now directly owns 100,000 shares in the company, valued at approximately $3,382,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,520 shares of company stock worth $2,750,739. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KDP has been the subject of several recent analyst reports. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and increased their price objective for the company from $27.00 to $34.00 in a research note on Monday, June 17th. Barclays reduced their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. TD Cowen lifted their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, BNP Paribas started coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded down $0.04 during midday trading on Wednesday, reaching $32.59. The stock had a trading volume of 4,205,951 shares, compared to its average volume of 9,134,937. The firm has a market capitalization of $44.18 billion, a PE ratio of 21.05, a P/E/G ratio of 2.54 and a beta of 0.62. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.00. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $33.65 and its 200 day moving average price is $32.08.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the prior year, the company posted $0.34 EPS. Keurig Dr Pepper’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.