First Western Trust Bank Has $4.63 Million Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• First Western Trust Bank has reduced its holdings in Keurig Dr Pepper, Inc. by 5.6%, selling 8,081 shares, and now owns a total of 135,411 shares valued at approximately $4.63 million.
• Insider trading activity includes a sale by Mary Beth Denooyer of 12,000 shares for $395,040, while Director De Ven Michael G. Van purchased 15,000 shares for $498,000, indicating a mix of confidence and caution among insiders.
• Brokerages have recently issued bullish ratings on Keurig Dr Pepper, with several firms upgrading their ratings and prices, bringing the consensus rating to "Moderate Buy" and an average price target of $39.77.

First Western Trust Bank lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,411 shares of the company's stock after selling 8,081 shares during the quarter. First Western Trust Bank's holdings in Keurig Dr Pepper were worth $4,634,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KDP. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $27,000. Continuum Advisory LLC lifted its holdings in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $48,000. LRI Investments LLC lifted its holdings in shares of Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares during the last quarter. Finally, Riverview Trust Co lifted its holdings in shares of Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

KDP stock traded up $0.20 on Monday, hitting $34.62. 9,194,106 shares of the company's stock traded hands, compared to its average volume of 10,074,303. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The stock has a fifty day moving average of $33.31 and a 200-day moving average of $33.44. The stock has a market cap of $47.03 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 2.51 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.40 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 EPS for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business posted $0.45 earnings per share. Keurig Dr Pepper's revenue was up 6.1% compared to the same quarter last year. On average, analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced 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. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is currently 82.14%.

Insider Activity

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider owned 82,511 shares in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 672,000 shares of company stock valued at $22,235,760 over the last three months. Insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. 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 report on Thursday, July 17th. Barclays lifted their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

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.