Choate Investment Advisors Reduces Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Choate Investment Advisors decreased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 282,788 shares of the company’s stock after selling 10,543 shares during the period. Choate Investment Advisors’ holdings in Keurig Dr Pepper were worth $9,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $35,000. Whipplewood Advisors LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $37,000. Brooklyn Investment Group purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at $61,000. R Squared Ltd purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $70,000. Finally, Cromwell Holdings LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $77,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.4 %

KDP opened at $33.59 on Friday. The firm has a market cap of $45.57 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. 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 12 month low of $28.80 and a 12 month high of $38.28. The stock has a fifty day moving average price of $32.17 and a 200-day moving average price of $33.76.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the company posted $0.55 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal 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 yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is currently 87.62%.

Analyst Ratings Changes

KDP has been the subject of a number of recent analyst reports. TD Cowen dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Morgan Stanley boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Barclays set a $39.00 target price on Keurig Dr Pepper in a research report on Thursday, February 27th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. The trade was a 38.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,385,350 shares of company stock valued at $2,755,891,890 in the last ninety days. Corporate 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.