Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Sold by Harvey Investment Co. LLC

Harvey Investment Co. LLC lowered its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 45.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,584 shares of the company's stock after selling 33,315 shares during the period. Harvey Investment Co. LLC's holdings in Keurig Dr Pepper were worth $1,355,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper during the 1st quarter worth $27,000. New Age Alpha Advisors LLC boosted its stake in 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 purchasing an additional 389 shares during the period. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper during the 4th quarter worth $42,000. Finally, Global Trust Asset Management LLC purchased a new position in Keurig Dr Pepper during the 1st quarter worth $48,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on KDP. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Argus began 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. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Finally, Barclays upped their price objective on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.71.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the sale, the insider now directly owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. This represents a 7.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares in the company, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 686,500 shares of company stock valued at $23,190,720. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.58 on Friday. The company has a 50-day simple moving average of $33.76 and a 200-day simple moving average of $33.10. The company has a quick ratio of 0.31, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $45.61 billion, a PE ratio of 30.53, a P/E/G ratio of 2.61 and a beta of 0.48. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 net margin of 9.69% and a return on equity of 10.86%. The business's revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.74%. Keurig Dr Pepper's payout ratio is 83.64%.

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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