LPL Financial LLC Sells 10,069 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

LPL Financial LLC lessened its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,363 shares of the company's stock after selling 10,069 shares during the period. LPL Financial LLC's holdings in Keurig Dr Pepper were worth $8,941,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KDP. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $35,000. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at $37,000. Brooklyn Investment Group increased its holdings in shares of Keurig Dr Pepper by 34.0% in the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after purchasing an additional 554 shares in the last quarter. R Squared Ltd purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $70,000. Finally, Cromwell Holdings LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $77,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total transaction of $417,360.00. Following the completion of the transaction, the insider now directly owns 166,511 shares in the company, valued at approximately $5,791,252.58. This represents a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares of the company's stock, valued at approximately $2,548,637.79. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,409,350 shares of company stock valued at $2,756,709,930 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded up $1.12 during midday trading on Wednesday, hitting $34.69. The stock had a trading volume of 20,184,437 shares, compared to its average volume of 9,886,618. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a market capitalization of $47.07 billion, a PE ratio of 21.02, a P/E/G ratio of 2.42 and a beta of 0.54. The firm's fifty day moving average is $33.27 and its two-hundred day moving average is $33.36. 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 (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. On average, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 2.65%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio is currently 87.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. 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. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $40.00 in a research report on Wednesday. UBS Group restated a "buy" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.77.

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.