Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Reduced by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 214,657 shares of the company’s stock after selling 49,956 shares during the period. Pacer Advisors Inc.’s holdings in Keurig Dr Pepper were worth $6,895,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CX Institutional grew its position in Keurig Dr Pepper by 3.6% in the 3rd quarter. CX Institutional now owns 8,129 shares of the company’s stock worth $305,000 after purchasing an additional 283 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Keurig Dr Pepper by 3.6% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,535 shares of the company’s stock worth $320,000 after buying an additional 300 shares during the period. First Hawaiian Bank grew its holdings in Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after buying an additional 384 shares in the last quarter. TD Private Client Wealth LLC increased its position in Keurig Dr Pepper by 2.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock valued at $532,000 after acquiring an additional 400 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Keurig Dr Pepper by 1.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 37,775 shares of the company’s stock valued at $1,415,000 after acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $31.86 on Thursday. The company has a market cap of $43.22 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The company’s fifty day moving average is $32.13 and its two-hundred day moving average is $34.16. 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 Inc. has a 12-month low of $28.61 and a 12-month high of $38.28.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Analyst Upgrades and Downgrades

KDP has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Jefferies Financial Group decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price target for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Barclays dropped their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Royal Bank of Canada lifted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.