Hennessy Advisors Inc. Decreases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Hennessy Advisors Inc. lessened its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,500 shares of the company’s stock after selling 5,600 shares during the quarter. Hennessy Advisors Inc.’s holdings in Keurig Dr Pepper were worth $4,963,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KDP. Ashton Thomas Securities LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth about $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the third quarter worth about $35,000. Hexagon Capital Partners LLC increased its stake in Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper during the third quarter worth approximately $61,000. Finally, Federated Hermes Inc. raised its position in Keurig Dr Pepper by 21.8% during the second quarter. Federated Hermes Inc. now owns 1,757 shares of the company’s stock valued at $59,000 after purchasing an additional 314 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 1.1 %

Shares of NASDAQ:KDP opened at $31.62 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $32.31 and its 200 day moving average is $34.19. The stock has a market cap of $42.89 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. Sell-side analysts predict 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 was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KDP. Piper Sandler initiated coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price for the company. TD Cowen dropped their price objective on shares of 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 reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $39.00 in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $37.50.

Get Our Latest Research Report on Keurig Dr Pepper

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the stock in a transaction 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 sale, the insider now owns 214,443,879 shares of the company’s stock, valued at approximately $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

(Free Report)

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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