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

Sequoia Financial Advisors LLC raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KDP. Natixis Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 18.7% in the third quarter. Natixis Advisors LLC now owns 710,239 shares of the company’s stock valued at $26,620,000 after purchasing an additional 111,892 shares during the period. Swiss National Bank lifted its holdings in Keurig Dr Pepper by 0.5% during the 3rd quarter. Swiss National Bank now owns 3,219,000 shares of the company’s stock worth $120,648,000 after buying an additional 15,200 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Keurig Dr Pepper by 0.7% in the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock worth $122,038,000 after acquiring an additional 22,657 shares in the last quarter. Caprock Group LLC grew its stake in Keurig Dr Pepper by 4.1% during the 3rd quarter. Caprock Group LLC now owns 22,948 shares of the company’s stock worth $866,000 after purchasing an additional 897 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in Keurig Dr Pepper by 11.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 68,847 shares of the company’s stock worth $2,581,000 after purchasing an additional 6,972 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $33.59 on Wednesday. The firm’s fifty day simple moving average is $32.28 and its 200-day simple moving average is $33.70. Keurig Dr Pepper Inc. has a 12 month low of $29.26 and a 12 month high of $38.28. The stock has a market capitalization of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS 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 period in the previous year, the business posted $0.55 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Barclays set a $39.00 price target on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price objective on the stock. TD Cowen decreased their price objective on shares of 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. Finally, Morgan Stanley increased their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.23.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the completion of the sale, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,385,350 shares of company stock valued at $2,755,891,890. 1.00% of the stock is owned by company insiders.

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.