Nisa Investment Advisors LLC Has $2.70 Million Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Nisa Investment Advisors LLC trimmed its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,003 shares of the company's stock after selling 22,482 shares during the period. Nisa Investment Advisors LLC's holdings in Keurig Dr Pepper were worth $2,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional increased its position in shares of Keurig Dr Pepper by 3.6% during the 3rd quarter. CX Institutional now owns 8,129 shares of the company's stock valued at $305,000 after purchasing an additional 283 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company's stock worth $320,000 after acquiring an additional 300 shares during the period. First Hawaiian Bank grew its holdings in Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock worth $250,000 after acquiring an additional 384 shares during the period. TD Private Client Wealth LLC raised its position in Keurig Dr Pepper by 2.9% in the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company's stock worth $532,000 after acquiring an additional 400 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Keurig Dr Pepper by 1.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company's stock valued at $1,415,000 after acquiring an additional 425 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 0.3 %

NASDAQ KDP traded up $0.10 on Friday, reaching $31.15. The stock had a trading volume of 9,111,164 shares, compared to its average volume of 6,268,997. The company has a current ratio of 0.53, a quick ratio of 0.36 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 business has a 50 day moving average price of $32.12 and a 200 day moving average price of $34.16. The company has a market capitalization of $42.25 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 2.19 and a beta of 0.62.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Analyst Ratings Changes

KDP has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Jefferies Financial Group decreased 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. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 price target for the company. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus price target of $37.50.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now owns 214,443,879 shares of the company's stock, valued at $7,001,592,649.35. This represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Company 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.