Tucker Asset Management LLC Lowers Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Tucker Asset Management LLC lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 23.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,262 shares of the company’s stock after selling 1,599 shares during the period. Tucker Asset Management LLC’s holdings in Keurig Dr Pepper were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of KDP. Allstate Corp bought a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $1,096,000. DnB Asset Management AS boosted its stake in shares of Keurig Dr Pepper by 11.6% in the 4th quarter. DnB Asset Management AS now owns 271,248 shares of the company’s stock valued at $8,712,000 after purchasing an additional 28,285 shares in the last quarter. Riverchase Wealth Management LLC purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $698,000. Orion Portfolio Solutions LLC grew its holdings in shares of Keurig Dr Pepper by 11.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 110,299 shares of the company’s stock valued at $3,543,000 after purchasing an additional 11,557 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Keurig Dr Pepper by 15.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 676,729 shares of the company’s stock worth $21,737,000 after purchasing an additional 92,214 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.74 on Friday. The company has a 50-day simple moving average of $32.72 and a two-hundred day simple moving average of $33.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $45.78 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.45% and a net margin of 15.04%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. Keurig Dr Pepper’s payout ratio is 87.62%.

Analyst Ratings Changes

Several research firms have issued reports on KDP. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. 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 research note on Wednesday, January 8th. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Finally, Piper Sandler initiated coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price target for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, 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 related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price 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 approximately $7,270,236,389.86. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the sale, the insider now directly owns 178,511 shares in the company, valued at $5,960,482.29. This trade represents a 6.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock valued at $2,756,292,570 in the last three months. Company insiders own 1.00% of the company’s stock.

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.