Atria Investments Inc Sells 7,375 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Atria Investments Inc cut its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,122 shares of the company’s stock after selling 7,375 shares during the period. Atria Investments Inc’s holdings in Keurig Dr Pepper were worth $1,096,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KDP. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper in the third quarter valued at approximately $25,000. LRI Investments LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Brooklyn Investment Group bought a new position in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $61,000. Finally, R Squared Ltd bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $70,000. 93.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the sale, the insider now owns 187,537 shares of the company’s stock, valued at $6,385,634.85. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction dated 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 approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,385,350 shares of company stock worth $2,755,891,890 in the last quarter. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays set a $39.00 price target on Keurig Dr Pepper in a report on Thursday, February 27th. TD Cowen cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, UBS Group reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper Stock Down 1.3 %

Shares of NASDAQ:KDP opened at $32.81 on Thursday. The company has a market capitalization of $44.52 billion, a PE ratio of 19.88, a price-to-earnings-growth 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. The business has a fifty day moving average price of $32.10 and a two-hundred day moving average price of $33.80. Keurig Dr Pepper Inc. has a 1 year low of $28.62 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.01 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 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.80%. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

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.