Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,934 shares of the company’s stock after selling 1,312 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Keurig Dr Pepper were worth $672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Keurig Dr Pepper by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 626,393 shares of the company’s stock valued at $20,922,000 after acquiring an additional 9,999 shares in the last quarter. Creative Planning increased its stake in Keurig Dr Pepper by 73.6% during the second quarter. Creative Planning now owns 65,691 shares of the company’s stock valued at $2,194,000 after purchasing an additional 27,860 shares during the last quarter. Quarry LP raised its holdings in shares of Keurig Dr Pepper by 96.8% during the second quarter. Quarry LP now owns 2,489 shares of the company’s stock worth $83,000 after purchasing an additional 1,224 shares during the period. Kimelman & Baird LLC bought a new position in shares of Keurig Dr Pepper in the 2nd quarter worth about $127,000. Finally, Truist Financial Corp boosted its holdings in shares of Keurig Dr Pepper by 169.3% in the 2nd quarter. Truist Financial Corp now owns 238,251 shares of the company’s stock valued at $7,958,000 after buying an additional 149,776 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.5 %

Keurig Dr Pepper stock opened at $31.34 on Wednesday. The firm has a market cap of $42.51 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The firm’s 50 day moving average price is $32.13 and its two-hundred day moving average price is $34.17. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

KDP has been the topic of several research reports. Barclays dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. TD Cowen cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler started coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $37.50.

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.