Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,024 shares of the company’s stock after selling 655 shares during the period. Sentry Investment Management LLC’s holdings in Keurig Dr Pepper were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake 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 purchasing an additional 300 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after purchasing an additional 342 shares in the last quarter. Custom Index Systems LLC grew its stake in shares of Keurig Dr Pepper by 5.3% during the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Keurig Dr Pepper by 5.2% during the fourth quarter. First Hawaiian Bank now owns 7,789 shares of the company’s stock worth $250,000 after purchasing an additional 384 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Keurig Dr Pepper by 2.9% during the third quarter. TD Private Client Wealth LLC now owns 14,198 shares of the company’s stock worth $532,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $33.74 on Thursday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a market capitalization of $45.77 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.42 and a beta of 0.61. The firm has a 50-day simple moving average of $31.88 and a 200-day simple moving average of $33.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm 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 revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 annualized dividend and a yield of 2.73%. Keurig Dr Pepper’s dividend payout ratio is currently 55.76%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KDP. Barclays restated an “overweight” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research note on Tuesday. They issued a “neutral” rating and a $35.00 price objective for the company. TD Cowen decreased 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. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $38.00.

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.