KBC Group NV Has $6.70 Million Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

KBC Group NV lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 13.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,793 shares of the company's stock after selling 30,995 shares during the period. KBC Group NV's holdings in Keurig Dr Pepper were worth $6,700,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Townsquare Capital LLC boosted its position in Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares during the period. First American Bank lifted its stake in shares of Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company's stock worth $2,038,000 after buying an additional 344 shares during the last quarter. Barden Capital Management Inc. lifted its stake in shares of Keurig Dr Pepper by 0.9% in 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 during the last quarter. New Age Alpha Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares during the period. Finally, Citadel Investment Advisory Inc. grew its stake in Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock valued at $221,000 after buying an additional 400 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.41 during midday trading on Thursday, reaching $33.44. 5,376,466 shares of the company's stock traded hands, compared to its average volume of 10,907,306. The company has a 50-day simple moving average of $33.42 and a two-hundred day simple moving average of $33.09. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a market cap of $45.41 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.61 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company posted $0.38 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.75%. Keurig Dr Pepper's payout ratio is 83.64%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KDP shares. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Barclays decreased their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Argus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Two equities research 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.92.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $33.64, for a total value of $403,680.00. Following the completion of the transaction, the insider owned 94,511 shares in the company, valued at $3,179,350.04. The trade was a 11.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director De Ven Michael G. Van acquired 15,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was purchased at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 698,500 shares of company stock valued at $23,580,720 over the last three months. 0.40% of the stock is owned by company insiders.

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.