Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC reduced its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 64.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 784 shares of the company’s stock after selling 1,448 shares during the quarter. Venturi Wealth Management LLC’s holdings in Keurig Dr Pepper were worth $29,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Swedbank AB grew its holdings in shares of Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares during the last quarter. TCW Group Inc. increased its position in Keurig Dr Pepper by 5.9% during the second quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock worth $13,072,000 after buying an additional 21,726 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Keurig Dr Pepper in the second quarter valued at approximately $275,000. Janus Henderson Group PLC lifted its stake in Keurig Dr Pepper by 41.0% in the first quarter. Janus Henderson Group PLC now owns 182,089 shares of the company’s stock valued at $5,584,000 after buying an additional 52,914 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 19.0% in the third quarter. Nisa Investment Advisors LLC now owns 106,485 shares of the company’s stock valued at $4,016,000 after acquiring an additional 16,997 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $31.66 on Friday. 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 Inc. has a one year low of $28.61 and a one year high of $38.28. The firm has a market capitalization of $42.95 billion, a P/E ratio of 19.19, a PEG ratio of 2.59 and a beta of 0.63. The company’s fifty day moving average is $35.73 and its two-hundred day moving average is $34.77.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.91%. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the transaction, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Citigroup lowered their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada upped their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.36.

About Keurig Dr Pepper

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.