RIA Advisory Group LLC Sells 30,511 Shares of Keurig Dr Pepper, Inc $KDP

RIA Advisory Group LLC reduced its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 72.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,782 shares of the company’s stock after selling 30,511 shares during the quarter. RIA Advisory Group LLC’s holdings in Keurig Dr Pepper were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its position in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the period. Empowered Funds LLC grew its position in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the period. Woodline Partners LP grew its position in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after buying an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $328,000. Finally, Jump Financial LLC grew its position in shares of Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after buying an additional 54,571 shares during the period. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on KDP. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Wednesday, April 22nd. UBS Group boosted their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.57.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $29.09 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The stock has a 50 day simple moving average of $27.48 and a 200 day simple moving average of $27.74. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The firm has a market capitalization of $39.58 billion, a PE ratio of 21.55, a P/E/G ratio of 1.33 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a $0.23 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.