ProShare Advisors LLC Cuts Stock Position in Keurig Dr Pepper, Inc $KDP

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ProShare Advisors LLC significantly reduced its holdings in Keurig Dr Pepper (NASDAQ:KDP) by 18.1% in the third quarter, selling 387,279 shares and now owning 1,746,897 shares valued at approximately $44.56 million. Despite this, Keurig Dr Pepper recently declared a quarterly dividend of $0.23 per share, yielding 3.2% annually, with an ex-dividend date of March 27th. The company maintains a “Moderate Buy” consensus rating from analysts, with an average price target of $34.87, and has a market capitalization of $38.73 billion.

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