Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 238,775 shares of the company’s stock after selling 12,560 shares during the period. Amalgamated Bank’s holdings in Keurig Dr Pepper were worth $7,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $34,000. Ulland Investment Advisors LLC purchased a new position in Keurig Dr Pepper during the fourth quarter worth approximately $50,000. Finally, Operose Advisors LLC grew its holdings in Keurig Dr Pepper by 28.7% in the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after buying an additional 373 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KDP. Morgan Stanley lowered their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Barclays upped their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Jefferies Financial Group reduced their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Royal Bank of Canada cut their price objective 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, TD Cowen lifted their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.64.

Keurig Dr Pepper Stock Up 0.8 %

KDP stock opened at $33.83 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The company’s 50 day moving average price is $30.68 and its 200 day moving average price is $31.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. On average, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Insider Activity at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares in the company, valued at $2,557,082.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold a total of 100,085,652 shares of company stock valued at $2,892,832,080 over the last ninety days. Insiders own 0.81% of the company’s stock.

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.