Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Sold by Prudential PLC

Key Points

• Prudential PLC reduced its stake in Keurig Dr Pepper by 11.9%, owning 410,082 shares worth approximately $14.03 million after selling 55,142 shares in Q1.
• Keurig Dr Pepper's stock has a consensus rating of "Moderate Buy" with analysts setting an average price target of $39.77 after recent upgrades.
• The company reported earnings of $0.49 per share for the last quarter, matching estimates and reflecting a 6.1% year-over-year revenue growth to $4.16 billion.

Prudential PLC lessened its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 410,082 shares of the company's stock after selling 55,142 shares during the period. Prudential PLC's holdings in Keurig Dr Pepper were worth $14,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KDP. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper in the first quarter valued at $27,000. Continuum Advisory LLC lifted its position in shares of Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after acquiring an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper in the first quarter valued at $48,000. LRI Investments LLC increased its stake in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after purchasing an additional 605 shares during the last quarter. Finally, Riverview Trust Co increased its stake in Keurig Dr Pepper by 47.7% in the first quarter. Riverview Trust Co now owns 1,710 shares of the company's stock valued at $59,000 after purchasing an additional 552 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insiders Place Their Bets

In related news, Director De Ven Michael G. Van purchased 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the sale, the insider directly owned 118,511 shares in the company, valued at approximately $3,901,382.12. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 672,000 shares of company stock valued at $22,235,760 in the last quarter. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded up $0.15 during trading hours on Friday, reaching $34.78. 6,246,850 shares of the stock were exchanged, compared to its average volume of 11,994,896. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $33.46 and a 200-day simple moving average of $33.50. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28. The stock has a market capitalization of $47.25 billion, a P/E ratio of 31.05, a P/E/G ratio of 2.54 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the business posted $0.45 EPS. Keurig Dr Pepper's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. UBS Group dropped their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. 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 research note on Friday, April 25th. Finally, Barclays upped their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.77.

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.