Checchi Capital Advisers LLC Buys 400 Shares of Keurig Dr Pepper, Inc $KDP

Checchi Capital Advisers LLC raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,885 shares of the company’s stock after purchasing an additional 400 shares during the period. Checchi Capital Advisers LLC’s holdings in Keurig Dr Pepper were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper during the 1st quarter valued at $25,000. WPG Advisers LLC bought a new stake in Keurig Dr Pepper in the 1st quarter valued at about $43,000. Continuum Advisory LLC lifted its holdings in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after purchasing an additional 602 shares during the last quarter. Global Trust Asset Management LLC bought a new position in Keurig Dr Pepper during the first quarter worth about $48,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Keurig Dr Pepper in the first quarter worth about $68,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on KDP shares. Barclays cut shares of Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $26.00 in a research note on Wednesday, September 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Saturday, September 27th. UBS Group cut their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 27th. The Goldman Sachs Group reduced their price target 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. Finally, Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.14.

Keurig Dr Pepper Trading Down 2.1%

Keurig Dr Pepper stock opened at $25.30 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a fifty-two week low of $25.19 and a fifty-two week high of $37.27. The stock has a market cap of $34.37 billion, a P/E ratio of 22.59, a PEG ratio of 1.42 and a beta of 0.43. The firm’s fifty day moving average price is $30.01 and its 200-day moving average price is $32.45.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares of the company’s stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 435,601 shares of company stock worth $14,421,512. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper 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.