Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 28.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,591 shares of the company's stock after selling 45,563 shares during the period. Advisors Asset Management Inc.'s holdings in Keurig Dr Pepper were worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company's stock worth $27,000 after purchasing an additional 685 shares during the period. Blue Trust Inc. boosted its stake in shares of Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company's stock valued at $26,000 after purchasing an additional 643 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company's stock worth $30,000 after acquiring an additional 301 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in Keurig Dr Pepper by 105.6% in the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company's stock worth $39,000 after purchasing an additional 530 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

KDP has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Citigroup dropped their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Evercore ISI raised shares of Keurig Dr Pepper to a "hold" rating in a research report on Thursday, September 5th. Finally, Barclays cut their price objective on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and a consensus target price of $38.36.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded up $0.42 during midday trading on Friday, hitting $32.66. The stock had a trading volume of 12,793,923 shares, compared to its average volume of 14,933,858. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The company has a market capitalization of $44.30 billion, a PE ratio of 19.79, a P/E/G ratio of 2.49 and a beta of 0.63. The stock has a 50 day simple moving average of $35.20 and a 200-day simple moving average of $34.70.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 55.76%.

Insider Activity at Keurig Dr Pepper

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 that occurred 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 transaction, the insider now owns 214,443,879 shares of the company's stock, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper 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.