Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 76.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,845 shares of the company’s stock after selling 25,575 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Keurig Dr Pepper were worth $261,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $34,000. Ulland Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $50,000. Finally, Operose Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $32.34 on Thursday. The stock’s fifty day moving average is $30.30 and its two-hundred day moving average is $31.03. The firm has a market capitalization of $44.87 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wedbush decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Morgan Stanley decreased their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Barclays lifted their price target on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Royal Bank of Canada reduced their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.45.

Insider Activity

In other Keurig Dr Pepper news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Priyadarshi Sudhanshu acquired 85,910 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the acquisition, the chief financial officer now owns 218,566 shares of the company’s stock, valued at $6,360,270.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the acquisition, the chief executive officer now directly owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 in the last quarter. Insiders own 0.81% of the company’s stock.

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.