Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 863,176 shares of the company's stock after selling 13,402 shares during the period. Perpetual Ltd owned 0.06% of Keurig Dr Pepper worth $29,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in KDP. ST Germain D J Co. Inc. bought a new position in shares of Keurig Dr Pepper during the 1st quarter valued at about $27,000. New Age Alpha Advisors LLC raised its position in Keurig Dr Pepper by 82.8% in 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 bought a new stake in Keurig Dr Pepper in the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper in the fourth quarter worth about $42,000. Finally, Continuum Advisory LLC lifted its stake in Keurig Dr Pepper by 82.5% in the first 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. Institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

KDP has been the subject of several analyst reports. Argus initiated coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Barclays decreased their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday. UBS Group raised their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, 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. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.92.

Insider Activity

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president directly owned 62,411 shares in the company, valued at $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $33.64, for a total transaction of $403,680.00. Following the completion of the sale, the insider owned 106,511 shares of the company's stock, valued at approximately $3,583,030.04. This trade represents a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock valued at $23,594,400 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Up 0.6%

KDP stock traded up $0.21 during trading on Monday, hitting $33.06. 11,541,473 shares of the company's stock traded hands, compared to its average volume of 10,885,193. The firm has a market capitalization of $44.90 billion, a P/E ratio of 30.05, a PEG ratio of 2.53 and a beta of 0.49. The business has a fifty day simple moving average of $33.49 and a two-hundred day simple moving average of $33.08. 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.

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 the consensus estimate of $0.38 by $0.04. The company 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%. Keurig Dr Pepper's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

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