Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 379,400 shares of the company's stock after selling 29,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Keurig Dr Pepper were worth $12,983,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KDP. LaFleur & Godfrey LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth approximately $806,000. Empowered Funds LLC lifted its holdings in shares of Keurig Dr Pepper by 12.2% in the 4th quarter. Empowered Funds LLC now owns 20,060 shares of the company's stock valued at $644,000 after buying an additional 2,188 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Keurig Dr Pepper by 5.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 570,010 shares of the company's stock valued at $18,394,000 after buying an additional 30,751 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Keurig Dr Pepper by 1.0% during the fourth quarter. Vontobel Holding Ltd. now owns 154,065 shares of the company's stock worth $4,949,000 after acquiring an additional 1,459 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its position in Keurig Dr Pepper by 4.2% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 591,514 shares of the company's stock worth $18,999,000 after acquiring an additional 23,743 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KDP. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Morgan Stanley upgraded shares of 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 report on Tuesday, April 1st. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Finally, Argus began coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. Four 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper Trading Up 0.2%

NASDAQ:KDP traded up $0.08 during mid-day trading on Monday, reaching $33.10. The company's stock had a trading volume of 8,379,358 shares, compared to its average volume of 10,821,699. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month high of $38.28. The company's fifty day simple moving average is $33.90 and its two-hundred day simple moving average is $33.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The stock has a market cap of $44.96 billion, a P/E ratio of 20.06, a P/E/G ratio of 2.42 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 83.64%.

Insider Activity at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van purchased 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total transaction of $395,040.00. Following the sale, the insider now owns 118,511 shares of the company's stock, valued at approximately $3,901,382.12. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 698,500 shares of company stock worth $23,591,400. Company insiders own 0.40% of the company's stock.

About Keurig Dr Pepper

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.