ProShare Advisors LLC Cuts Stock Position in Keurig Dr Pepper, Inc $KDP

ProShare Advisors LLC decreased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,746,897 shares of the company’s stock after selling 387,279 shares during the quarter. ProShare Advisors LLC owned about 0.13% of Keurig Dr Pepper worth $44,563,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Asset Dedication LLC raised its position in shares of Keurig Dr Pepper by 3.8% in the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock worth $262,000 after purchasing an additional 288 shares during the last quarter. Auxier Asset Management increased its stake in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing an additional 318 shares in the last quarter. Private Trust Co. NA raised its holdings in Keurig Dr Pepper by 26.4% in the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after buying an additional 339 shares during the last quarter. NewSquare Capital LLC raised its holdings in Keurig Dr Pepper by 94.1% in 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 last quarter. Finally, Zions Bancorporation National Association UT lifted its stake in shares of Keurig Dr Pepper by 1.7% in the second quarter. Zions Bancorporation National Association UT now owns 23,971 shares of the company’s stock worth $792,000 after buying an additional 400 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $28.51 on Tuesday. The business’s fifty day moving average price is $28.04 and its 200-day moving average price is $28.54. The stock has a market capitalization of $38.73 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.95 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KDP shares. Wells Fargo & Company raised their price target on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Finally, Barclays increased their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.87.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.