Keurig Dr Pepper, Inc $KDP Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC decreased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 83.4% in the 2nd quarter, Holdings Channel reports. The firm owned 24,677 shares of the company’s stock after selling 123,993 shares during the quarter. Waverly Advisors LLC’s holdings in Keurig Dr Pepper were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Paragon Capital Management Ltd bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $258,000. Empirical Finance LLC lifted its holdings in Keurig Dr Pepper by 8.7% in the second quarter. Empirical Finance LLC now owns 22,085 shares of the company’s stock worth $723,000 after acquiring an additional 1,772 shares during the last quarter. Nykredit A S acquired a new position in Keurig Dr Pepper in the second quarter valued at approximately $8,341,000. HORAN Wealth LLC boosted its stake in Keurig Dr Pepper by 7.1% in the second quarter. HORAN Wealth LLC now owns 70,727 shares of the company’s stock valued at $2,315,000 after acquiring an additional 4,673 shares during the period. Finally, Amundi grew its holdings in shares of Keurig Dr Pepper by 30.1% during the second quarter. Amundi now owns 7,381,268 shares of the company’s stock valued at $241,589,000 after purchasing an additional 1,705,572 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research reports. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 1st. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 8th. Finally, Morgan Stanley assumed coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $31.58 on Tuesday. The firm’s 50 day moving average is $31.16 and its two-hundred day moving average is $29.70. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $33.82. The firm has a market capitalization of $42.97 billion, a P/E ratio of 31.90, a PEG ratio of 1.48 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was up 75.6% on a year-over-year basis. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the sale, the insider directly owned 84,171 shares in the company, valued at $2,739,766.05. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 9,500 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares of the company’s stock, valued at $1,824,202.20. The trade was a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by insiders.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.