Keurig Dr Pepper, Inc $KDP Shares Acquired by Equitable Trust Co.

Equitable Trust Co. increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 68.9% during the second quarter, Holdings Channel reports. The fund owned 14,458 shares of the company’s stock after purchasing an additional 5,900 shares during the quarter. Equitable Trust Co.’s holdings in Keurig Dr Pepper were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of KDP. Croban boosted its holdings in shares of Keurig Dr Pepper by 0.9% in the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the period. Commerce Bank boosted its holdings in shares of Keurig Dr Pepper by 1.6% in the first quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after buying an additional 340 shares during the period. First American Bank lifted its position in shares of Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company’s stock worth $2,038,000 after purchasing an additional 344 shares in the last quarter. Allworth Financial LP lifted its position in shares of Keurig Dr Pepper by 3.8% in the first quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock worth $353,000 after purchasing an additional 371 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Keurig Dr Pepper by 3.5% in the second quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock worth $384,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 423,601 shares of company stock worth $14,017,592 in the last 90 days. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 0.9%

Shares of Keurig Dr Pepper stock opened at $26.93 on Thursday. The company’s fifty day simple moving average is $28.99 and its 200-day simple moving average is $32.09. The company has a market cap of $36.58 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.48 and a beta of 0.43. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $37.27.

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

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper’s payout ratio is currently 82.14%.

Analyst Ratings Changes

KDP has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 8th. Bank of America cut their price objective on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Finally, BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.00.

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.