Bank of America Corp DE Trims Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bank of America Corp DE decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,657,482 shares of the company's stock after selling 3,178,822 shares during the quarter. Bank of America Corp DE owned about 0.71% of Keurig Dr Pepper worth $310,198,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KDP. Townsquare Capital LLC raised its holdings in Keurig Dr Pepper by 2.1% in the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after purchasing an additional 342 shares during the period. Barden Capital Management Inc. grew its stake in Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after buying an additional 353 shares in the last quarter. Custom Index Systems LLC increased its holdings in Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after buying an additional 357 shares during the period. Finally, First Hawaiian Bank increased its holdings in Keurig Dr Pepper by 5.2% in the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after buying an additional 384 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,863,850 shares of company stock valued at $2,772,203,450. Company insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KDP shares. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

Keurig Dr Pepper Trading Down 1.8 %

NASDAQ KDP traded down $0.60 during trading hours on Friday, hitting $33.54. 10,315,658 shares of the company's stock were exchanged, compared to its average volume of 10,492,387. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $34.21 and a 200 day simple moving average of $33.03. The firm has a market cap of $45.55 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. Keurig Dr Pepper's revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Keurig Dr Pepper Company 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.