Curi RMB Capital LLC Cuts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Curi RMB Capital LLC cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 529,666 shares of the company’s stock after selling 98,376 shares during the quarter. Curi RMB Capital LLC’s holdings in Keurig Dr Pepper were worth $17,013,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC lifted its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $42,000. Brooklyn Investment Group raised its stake in Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after buying an additional 554 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Keurig Dr Pepper in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KDP. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday. They issued a “buy” rating and a $40.00 price target on the stock. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Thursday, February 27th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

Keurig Dr Pepper Stock Up 0.9 %

NASDAQ KDP opened at $35.41 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market capitalization of $48.04 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.42 and a beta of 0.54. The company has a fifty day moving average of $33.82 and a two-hundred day moving average of $33.28. 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 (NASDAQ:KDP) last released its quarterly earnings data 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. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 EPS. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 87.62%.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the sale, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. This represents a 38.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,421,350 shares of company stock worth $2,757,137,010 in the last three months. 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.