Chevy Chase Trust Holdings LLC Has $23.74 Million Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• Chevy Chase Trust Holdings LLC increased its investment in Keurig Dr Pepper, now holding $23.74 million in shares after purchasing an additional 91,224 shares in the second quarter.
• Insider transactions show that Director Robert James Gamgort sold 208,000 shares at $32.90 each, reporting an 8.32% decrease in his position, as insiders sold over $14 million in shares within the last 90 days.
• Keurig Dr Pepper recently announced a quarterly dividend of $0.23 per share, yielding 3.3%, with an annualized payout ratio of 82.14%.

Chevy Chase Trust Holdings LLC raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,045 shares of the company's stock after purchasing an additional 91,224 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Keurig Dr Pepper worth $23,739,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in Keurig Dr Pepper by 26.4% in the second quarter. Private Trust Co. NA now owns 1,624 shares of the company's stock worth $54,000 after buying an additional 339 shares during the last quarter. Coho Partners Ltd. increased its stake in shares of Keurig Dr Pepper by 7.2% during the 2nd quarter. Coho Partners Ltd. now owns 1,807,560 shares of the company's stock worth $59,758,000 after purchasing an additional 120,967 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Keurig Dr Pepper by 14.9% during the 2nd quarter. Nordea Investment Management AB now owns 98,812 shares of the company's stock worth $3,257,000 after purchasing an additional 12,794 shares during the last quarter. Praxis Investment Management Inc. raised its holdings in shares of Keurig Dr Pepper by 123.0% during the 2nd quarter. Praxis Investment Management Inc. now owns 43,770 shares of the company's stock valued at $1,447,000 after purchasing an additional 24,140 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Keurig Dr Pepper by 5.0% in the 2nd quarter. New York State Teachers Retirement System now owns 775,849 shares of the company's stock valued at $25,650,000 after purchasing an additional 36,699 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the sale, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 423,601 shares of company stock worth $14,017,592 in the last 90 days. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 1.1%

Shares of KDP stock opened at $28.03 on Friday. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $37.27. The firm has a market cap of $38.08 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.55 and a beta of 0.43. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $31.98. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. Keurig Dr Pepper's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper's dividend payout ratio (DPR) is 82.14%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays downgraded shares of Keurig Dr Pepper from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $39.00 to $26.00 in a research report on Wednesday, September 24th. UBS Group lowered their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. The Goldman Sachs Group reduced their target price on Keurig Dr Pepper from $34.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, October 2nd. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, Citigroup dropped their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $35.00.

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.

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