Keurig Dr Pepper Inc. (NASDAQ:KDP) Stake Cut by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lessened its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,622 shares of the company's stock after selling 21,274 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Keurig Dr Pepper were worth $9,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Townsquare Capital LLC grew its stake in Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares in the last quarter. Barden Capital Management Inc. increased its holdings in shares of Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock valued at $1,280,000 after purchasing an additional 353 shares during the period. New Age Alpha Advisors LLC lifted its stake in shares of 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 acquiring an additional 389 shares during the period. Denali Advisors LLC lifted its position in Keurig Dr Pepper by 1.2% in the fourth quarter. Denali Advisors LLC now owns 35,087 shares of the company's stock valued at $1,127,000 after purchasing an additional 406 shares during the period. Finally, Horizon Investments LLC grew its holdings in Keurig Dr Pepper by 2.3% during the fourth quarter. Horizon Investments LLC now owns 18,216 shares of the company's stock worth $581,000 after acquiring an additional 411 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction 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 now directly owns 118,511 shares in the company, valued at approximately $3,901,382.12. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the sale, the vice president now 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. Over the last 90 days, insiders have sold 698,500 shares of company stock worth $23,591,400. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

KDP has been the topic of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group lifted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Four 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Trading Down 0.3%

Shares of NASDAQ KDP traded down $0.09 on Wednesday, reaching $32.86. 11,661,888 shares of the company traded hands, compared to its average volume of 10,793,892. The stock has a market capitalization of $44.63 billion, a PE ratio of 19.92, a P/E/G ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $33.94 and a 200 day moving average of $33.07.

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 research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company 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 $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 83.64%.

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.