Town & Country Bank & Trust CO dba First Bankers Trust CO Purchases Shares of 53,756 Keurig Dr Pepper, Inc $KDP

Key Points

• Town & Country Bank & Trust CO acquired 53,756 shares of Keurig Dr Pepper, Inc for approximately $1.77 million during the second quarter, marking a significant institutional investment in the company.
• Keurig Dr Pepper's stock is currently down 4.3% and has experienced a 52-week low of $25.92 and a high of $38.28, highlighting recent volatility in its market performance.
• In recent insider trading, Director Robert James Gamgort sold 208,000 shares for about $6.84 million, reducing his ownership by 8.32%, which raises questions about insider confidence in the stock.

Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,756 shares of the company's stock, valued at approximately $1,777,000.

Other hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Keurig Dr Pepper in the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper in the first quarter worth approximately $27,000. WPG Advisers LLC bought a new position in shares of Keurig Dr Pepper in the first quarter valued at approximately $43,000. Continuum Advisory LLC boosted its position in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper during the first quarter worth $48,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 447,601 shares of company stock valued at $14,825,192 over the last 90 days. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Down 4.3%

Shares of NASDAQ KDP opened at $25.95 on Tuesday. 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 company has a market cap of $35.25 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.49 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52 week low of $25.92 and a 52 week high of $38.28. The business has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $32.98.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 26th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

Analysts Set New Price Targets

Several equities analysts have weighed in on KDP shares. BNP Paribas Exane cut Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research note on Monday. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Monday, August 25th. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Piper Sandler decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Finally, Barclays lifted their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.77.

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.

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