Keurig Dr Pepper, Inc $KDP Shares Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,916 shares of the company’s stock after purchasing an additional 19,093 shares during the period. Keurig Dr Pepper makes up approximately 0.7% of Sendero Wealth Management LLC’s portfolio, making the stock its 28th largest position. Sendero Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $6,171,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Amundi grew its holdings in Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after acquiring an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in shares of Keurig Dr Pepper by 61.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after purchasing an additional 23,167 shares in the last quarter. Truist Financial Corp boosted its holdings in Keurig Dr Pepper by 15.2% during the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock worth $9,987,000 after buying an additional 39,916 shares in the last quarter. LBP AM SA grew its position in Keurig Dr Pepper by 1,772.6% during the second quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after buying an additional 519,851 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Keurig Dr Pepper by 9.0% during the second quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after buying an additional 12,530 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KDP shares. Hsbc Global Res cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Barclays boosted their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Finally, Bank of America dropped their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Hold” and an average price target of $34.87.

Insiders Place Their Bets

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the 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 transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. This represents a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Trading Down 1.9%

Keurig Dr Pepper stock opened at $28.05 on Thursday. The stock has a 50-day moving average price of $27.59 and a 200 day moving average price of $30.03. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The stock has a market cap of $38.11 billion, a PE ratio of 24.18, a P/E/G ratio of 2.08 and a beta of 0.35. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. Equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, January 2nd. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.