Clarkston Capital Partners LLC Sells 55,405 Shares of Keurig Dr Pepper, Inc $KDP

Clarkston Capital Partners LLC lessened its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.9% in the fourth quarter, HoldingsChannel reports. The firm owned 505,970 shares of the company’s stock after selling 55,405 shares during the period. Clarkston Capital Partners LLC’s holdings in Keurig Dr Pepper were worth $14,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Storgate LLC bought a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $236,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Keurig Dr Pepper by 0.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,320,514 shares of the company’s stock worth $289,078,000 after purchasing an additional 31,594 shares during the period. Korea Investment CORP grew its position in Keurig Dr Pepper by 9.2% in the 4th quarter. Korea Investment CORP now owns 1,083,882 shares of the company’s stock worth $30,360,000 after purchasing an additional 91,228 shares during the period. Wealthspire Advisors LLC grew its position in shares of Keurig Dr Pepper by 321.2% during the 4th quarter. Wealthspire Advisors LLC now owns 7,918 shares of the company’s stock valued at $222,000 after acquiring an additional 6,038 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of Keurig Dr Pepper by 44.0% during the 4th quarter. Macquarie Group Ltd. now owns 276,735 shares of the company’s stock valued at $7,735,000 after acquiring an additional 84,563 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Keurig Dr Pepper in a research report on Thursday. They set an “outperform” rating and a $38.00 price objective for the company. Wells Fargo & Company cut their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, UBS Group boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.00.

Keurig Dr Pepper Trading Up 1.5%

Shares of KDP stock opened at $31.71 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The firm has a fifty day moving average price of $28.52 and a 200-day moving average price of $28.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company has a market cap of $43.14 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.43 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 analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 2.9%. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

Keurig Dr Pepper Company 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.