Wesleyan Assurance Society Trims Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Wesleyan Assurance Society reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 94.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500 shares of the company's stock after selling 28,147 shares during the period. Wesleyan Assurance Society's holdings in Keurig Dr Pepper were worth $51,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KDP. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper during the first quarter worth about $27,000. New Age Alpha Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper in the 4th quarter worth $42,000. Continuum Advisory LLC raised its stake 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 worth $46,000 after acquiring an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper in the first quarter valued at approximately $48,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president owned 62,411 shares of the company's stock, valued at $2,136,952.64. The trade was a 18.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 698,500 shares of company stock valued at $23,557,560. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.28 during midday trading on Tuesday, reaching $33.60. 3,110,933 shares of the company were exchanged, compared to its average volume of 10,969,472. The stock has a market cap of $45.63 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. Keurig Dr Pepper, Inc has a one year low of $30.12 and a one year high of $38.28. The business's fifty day moving average is $33.25 and its two-hundred day moving average is $33.20. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm posted $0.38 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper's dividend payout ratio is presently 83.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KDP. UBS Group decreased their price target on shares of 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. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, Barclays lowered their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. Two 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 company. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.62.

Keurig Dr Pepper Company 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.

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