Metis Global Partners LLC Lowers Holdings in Keurig Dr Pepper, Inc $KDP

Metis Global Partners LLC decreased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,331 shares of the company’s stock after selling 9,395 shares during the quarter. Metis Global Partners LLC’s holdings in Keurig Dr Pepper were worth $1,961,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $25,000. NewSquare Capital LLC boosted its stake in Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after buying an additional 386 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of Keurig Dr Pepper during the second quarter valued at about $26,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper during the first quarter valued at about $43,000. Finally, Private Trust Co. NA raised its stake in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the transaction, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several research reports. HSBC reiterated a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Friday, October 31st. Citigroup decreased their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, September 16th. Finally, The Goldman Sachs Group dropped their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Trading Down 1.5%

NASDAQ KDP opened at $25.96 on Monday. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The firm has a 50 day moving average of $26.99 and a two-hundred day moving average of $31.14. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $35.27 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.5%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

About Keurig Dr Pepper

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.