Atria Wealth Solutions Inc. Decreases Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Atria Wealth Solutions Inc. reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 43.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,487 shares of the company’s stock after selling 92,155 shares during the period. Atria Wealth Solutions Inc.’s holdings in Keurig Dr Pepper were worth $3,838,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its position in Keurig Dr Pepper by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock worth $100,796,000 after purchasing an additional 242,315 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Keurig Dr Pepper by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after buying an additional 22,657 shares during the period. Franklin Resources Inc. increased its holdings in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after buying an additional 41,466 shares during the last quarter. Swedbank AB raised its position in shares of Keurig Dr Pepper by 1.8% during the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock valued at $23,994,000 after buying an additional 13,179 shares during the period. Finally, LMR Partners LLP raised its position in shares of Keurig Dr Pepper by 55.5% during the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock valued at $19,527,000 after buying an additional 186,002 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Bevco B.V. Jab purchased 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the subject of several analyst reports. Citigroup lowered their price objective on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, TD Cowen dropped their price target 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Trading Up 1.1 %

Shares of KDP stock opened at $33.13 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a 50 day moving average price of $31.79 and a 200 day moving average price of $33.95. The stock has a market capitalization of $44.94 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.37 and a beta of 0.61. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 2.78%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

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.