Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,890 shares of the company’s stock after selling 844 shares during the quarter. Townsquare Capital LLC’s holdings in Keurig Dr Pepper were worth $510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth $27,000. Continuum Advisory LLC grew its stake in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after acquiring an additional 602 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at about $48,000. LRI Investments LLC raised its holdings in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock valued at $49,000 after acquiring an additional 605 shares during the last quarter. Finally, Riverview Trust Co lifted its stake in Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company’s stock worth $59,000 after purchasing an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the sale, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 672,000 shares of company stock valued at $22,235,760. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. UBS Group dropped their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Hsbc Global Res upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, July 17th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.77.

Keurig Dr Pepper Trading Up 0.4%

Shares of KDP stock opened at $34.78 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The firm has a market cap of $47.25 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 2.54 and a beta of 0.45. The company has a 50-day moving average of $33.50 and a two-hundred day moving average of $33.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the company posted $0.45 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

About Keurig Dr Pepper

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.