Cullen Capital Management LLC Sells 47,446 Shares of Keurig Dr Pepper, Inc $KDP

Cullen Capital Management LLC trimmed its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,478,726 shares of the company’s stock after selling 47,446 shares during the period. Cullen Capital Management LLC’s holdings in Keurig Dr Pepper were worth $41,419,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $26,000. Clearstead Trust LLC lifted its holdings in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $31,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 1.5%

NASDAQ:KDP opened at $31.71 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $28.52 and a 200 day moving average of $28.25. The firm has a market capitalization of $43.14 billion, a P/E ratio of 23.49, a P/E/G ratio of 1.43 and a beta of 0.41. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94.

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 business had revenue of $3.98 billion for 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. On average, research analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s payout ratio is presently 68.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KDP shares. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Citigroup lowered their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Sanford C. Bernstein started coverage on shares of Keurig Dr Pepper in a report on Thursday. They set an “outperform” rating and a $38.00 price target for the company. Finally, Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Hold” and an average price target of $32.00.

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.