Atria Wealth Solutions Inc. Sells 92,155 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Atria Wealth Solutions Inc. cut its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,487 shares of the company's stock after selling 92,155 shares during the period. Atria Wealth Solutions Inc.'s holdings in Keurig Dr Pepper were worth $3,838,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Keurig Dr Pepper by 1.9% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 76,184 shares of the company's stock worth $2,447,000 after buying an additional 1,454 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Keurig Dr Pepper by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 435,035 shares of the company's stock worth $13,973,000 after buying an additional 20,291 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 10.5% during the 4th quarter. Sanctuary Advisors LLC now owns 86,345 shares of the company's stock worth $2,784,000 after buying an additional 8,190 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 97.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 3,946 shares of the company's stock worth $127,000 after buying an additional 1,949 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Keurig Dr Pepper by 1.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 398,513 shares of the company's stock worth $12,800,000 after buying an additional 5,732 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 price target on the stock. Royal Bank of Canada increased their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Jefferies Financial Group cut their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company cut their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Keurig Dr Pepper Stock Up 2.7 %

NASDAQ KDP traded up $0.90 on Friday, reaching $34.04. The company had a trading volume of 17,594,539 shares, compared to its average volume of 8,814,197. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The stock has a market capitalization of $46.17 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.39 and a beta of 0.61. The company's fifty day moving average is $31.79 and its 200 day moving average is $33.95. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

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.