Dakota Wealth Management Sells 7,738 Shares of Keurig Dr Pepper, Inc (NASDAQ:KDP)

Dakota Wealth Management lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 41.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,740 shares of the company's stock after selling 7,738 shares during the period. Dakota Wealth Management's holdings in Keurig Dr Pepper were worth $370,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after acquiring an additional 8,363,192 shares during the last quarter. Norges Bank bought a new position in Keurig Dr Pepper in the fourth quarter valued at about $197,819,000. Finally, Wellington Management Group LLP grew its position in Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after acquiring an additional 5,646,179 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the sale, the vice president owned 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This represents a 18.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 698,500 shares of company stock worth $23,557,560. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

KDP has been the topic of a number of recent research reports. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday. Barclays cut their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. UBS Group cut their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Two equities 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.62.

Keurig Dr Pepper Trading Down 1.0%

KDP stock traded down $0.35 during mid-day trading on Friday, reaching $33.54. The company's stock had a trading volume of 7,623,961 shares, compared to its average volume of 10,975,280. The company has a market cap of $45.55 billion, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47. The business's 50 day moving average price is $33.25 and its 200 day moving average price is $33.17. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28.

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 for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper's dividend payout ratio is 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.