Kintegral Advisory LLC Lowers Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Kintegral Advisory LLC decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 32.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,760 shares of the company's stock after selling 12,633 shares during the period. Kintegral Advisory LLC's holdings in Keurig Dr Pepper were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Townsquare Capital LLC raised its stake in Keurig Dr Pepper by 2.1% in the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after buying an additional 327 shares in the last quarter. First American Bank increased its position in shares of Keurig Dr Pepper by 0.6% during the first quarter. First American Bank now owns 59,564 shares of the company's stock worth $2,038,000 after purchasing an additional 344 shares in the last quarter. Barden Capital Management Inc. increased its position in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after purchasing an additional 353 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Finally, Citadel Investment Advisory Inc. increased its position in shares of Keurig Dr Pepper by 6.6% during the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the completion of the transaction, the director owned 2,846,490 shares of the company's stock, valued at approximately $97,122,238.80. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president owned 62,411 shares in the company, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 698,500 shares of company stock worth $23,580,720. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Argus assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.92.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded down $0.41 during mid-day trading on Friday, hitting $33.44. The company's stock had a trading volume of 5,376,466 shares, compared to its average volume of 10,921,943. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.31. The stock has a market cap of $45.41 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.60 and a beta of 0.47. The business's fifty day moving average is $33.38 and its two-hundred day moving average is $33.11.

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

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given 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 dividend yield of 2.75%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 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.