Mizuho Securities USA LLC Reduces Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mizuho Securities USA LLC reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.8% in the third quarter, Holdings Channel.com reports. The fund owned 68,589 shares of the company’s stock after selling 11,890 shares during the period. Mizuho Securities USA LLC’s holdings in Keurig Dr Pepper were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in Keurig Dr Pepper by 38.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,732 shares of the company’s stock valued at $483,000 after purchasing an additional 4,351 shares during the period. 1832 Asset Management L.P. raised its position in shares of Keurig Dr Pepper by 13.0% in the first quarter. 1832 Asset Management L.P. now owns 77,011 shares of the company’s stock worth $2,362,000 after buying an additional 8,873 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Keurig Dr Pepper by 107.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after buying an additional 12,259,471 shares during the period. Mount Yale Investment Advisors LLC grew its position in Keurig Dr Pepper by 163.6% during the first quarter. Mount Yale Investment Advisors LLC now owns 73,097 shares of the company’s stock worth $2,242,000 after buying an additional 45,362 shares in the last quarter. Finally, Sandia Investment Management LP increased its stake in Keurig Dr Pepper by 200.0% in the 1st quarter. Sandia Investment Management LP now owns 30,000 shares of the company’s stock worth $920,000 after acquiring an additional 20,000 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 1.3 %

Shares of KDP stock opened at $32.66 on Friday. The business has a 50-day moving average of $35.20 and a 200 day moving average of $34.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The stock has a market capitalization of $44.30 billion, a PE ratio of 19.79, a P/E/G ratio of 2.44 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.82%. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KDP. TD Cowen lifted their price target on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Jefferies Financial Group reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research note on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.36.

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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.