Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 214,657 shares of the company’s stock after selling 49,956 shares during the quarter. Pacer Advisors Inc.’s holdings in Keurig Dr Pepper were worth $6,895,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KDP. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper in the third quarter worth $25,000. LRI Investments LLC bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth about $35,000. Hexagon Capital Partners LLC boosted its stake in shares of Keurig Dr Pepper by 105.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after acquiring an additional 530 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after acquiring an additional 684 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $31.86 on Thursday. The firm has a market cap of $43.22 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.19 and a beta of 0.62. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1-year low of $28.61 and a 1-year high of $38.28. The company has a 50 day moving average of $32.13 and a 200-day moving average of $34.16.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 annualized dividend and a yield of 2.89%. Keurig Dr Pepper’s payout ratio is 55.76%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KDP shares. JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup dropped their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price target for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price objective on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.50.

Keurig Dr Pepper Company 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.