GPS Wealth Strategies Group LLC Sells 1,832 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

GPS Wealth Strategies Group LLC lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 35.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,271 shares of the company’s stock after selling 1,832 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Keurig Dr Pepper were worth $112,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KDP. LaFleur & Godfrey LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth $806,000. Empowered Funds LLC grew its position in Keurig Dr Pepper by 12.2% in the fourth quarter. Empowered Funds LLC now owns 20,060 shares of the company’s stock valued at $644,000 after acquiring an additional 2,188 shares during the last quarter. Hartford Investment Management Co. grew its position in Keurig Dr Pepper by 5.0% in the fourth quarter. Hartford Investment Management Co. now owns 69,474 shares of the company’s stock valued at $2,232,000 after acquiring an additional 3,338 shares during the last quarter. Avestar Capital LLC grew its position in Keurig Dr Pepper by 15.1% in the fourth quarter. Avestar Capital LLC now owns 22,613 shares of the company’s stock valued at $726,000 after acquiring an additional 2,965 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Keurig Dr Pepper by 5.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 570,010 shares of the company’s stock valued at $18,394,000 after acquiring an additional 30,751 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Argus assumed coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the sale, the director now owns 3,054,490 shares in the company, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. This represents a 6.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 698,500 shares of company stock valued at $23,591,400. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $33.02 on Friday. The stock’s 50 day moving average is $33.90 and its 200 day moving average is $33.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market cap of $44.85 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio is currently 83.64%.

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.