IVY Lane Capital Management LLC Has $4.98 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

IVY Lane Capital Management LLC lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,000 shares of the company’s stock after selling 27,000 shares during the period. Keurig Dr Pepper makes up about 2.7% of IVY Lane Capital Management LLC’s investment portfolio, making the stock its 11th biggest holding. IVY Lane Capital Management LLC’s holdings in Keurig Dr Pepper were worth $4,979,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Cerity Partners LLC grew its position in Keurig Dr Pepper by 13.7% in the third quarter. Cerity Partners LLC now owns 142,822 shares of the company’s stock valued at $5,353,000 after purchasing an additional 17,172 shares in the last quarter. Private Trust Co. NA lifted its holdings in Keurig Dr Pepper by 51.5% during the 3rd quarter. Private Trust Co. NA now owns 2,967 shares of the company’s stock worth $111,000 after purchasing an additional 1,008 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $61,000. Townsquare Capital LLC increased its holdings in shares of Keurig Dr Pepper by 38.4% during the third quarter. Townsquare Capital LLC now owns 15,407 shares of the company’s stock worth $577,000 after purchasing an additional 4,275 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in shares of Keurig Dr Pepper by 1.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 28,593 shares of the company’s stock valued at $1,072,000 after acquiring an additional 524 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Piper Sandler began coverage on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. They issued a “neutral” rating and a $35.00 price target on the stock. Barclays set a $39.00 target price on Keurig Dr Pepper in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.23.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the transaction, the insider now owns 178,511 shares of the company’s stock, valued at approximately $5,960,482.29. This trade represents a 6.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of Keurig Dr Pepper stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,397,350 shares of company stock worth $2,756,292,570 in the last quarter. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 1.5 %

Shares of KDP stock opened at $33.74 on Friday. The firm has a fifty day moving average price of $32.72 and a 200-day moving average price of $33.57. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market cap of $45.78 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.42 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.01 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 87.62%.

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.