Nisa Investment Advisors LLC Has $2.70 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Nisa Investment Advisors LLC cut its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,003 shares of the company’s stock after selling 22,482 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $2,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional raised its position in Keurig Dr Pepper by 3.6% during the third quarter. CX Institutional now owns 8,129 shares of the company’s stock valued at $305,000 after purchasing an additional 283 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Keurig Dr Pepper by 3.6% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock valued at $320,000 after purchasing an additional 300 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after buying an additional 400 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Keurig Dr Pepper by 1.1% in the third quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company’s stock valued at $1,415,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KDP shares. Royal Bank of Canada increased their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a research note on Tuesday, January 7th. They set a “neutral” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on 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. Finally, TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.50.

Keurig Dr Pepper Trading Up 0.3 %

NASDAQ:KDP opened at $31.15 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm’s fifty day moving average is $32.12 and its 200-day moving average is $34.14. The firm has a market cap of $42.25 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.19 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 2.95%. Keurig Dr Pepper’s 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.