Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,989 shares of the company's stock after selling 66,411 shares during the period. New York Life Investment Management LLC's holdings in Keurig Dr Pepper were worth $5,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $34,000. Ulland Investment Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $50,000. Finally, Operose Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company's stock worth $53,000 after acquiring an additional 373 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KDP shares. Royal Bank of Canada lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. Wedbush lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an "outperform" rating on the stock in a research note on Monday, February 26th. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. TD Cowen raised their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a "hold" rating in a research note on Friday, April 26th. Finally, Morgan Stanley decreased their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.64.

Insider Buying and Selling

In other news, Director Robert S. Singer sold 12,132 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.25, for a total value of $354,861.00. Following the sale, the director now directly owns 37,643 shares of the company's stock, valued at approximately $1,101,057.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert S. Singer sold 12,132 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the completion of the sale, the director now directly owns 37,643 shares of the company's stock, valued at $1,101,057.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the business's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now owns 100,000 shares in the company, valued at approximately $3,382,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,085,652 shares of company stock valued at $2,892,832,080. 0.81% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Up 0.8 %

KDP stock traded up $0.27 during trading on Friday, reaching $33.83. 7,463,504 shares of the stock were exchanged, compared to its average volume of 8,455,814. The business has a 50 day moving average price of $30.68 and a 200-day moving average price of $31.24. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.54 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper's dividend payout ratio is presently 55.48%.

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.