Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 57.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,430 shares of the company’s stock after selling 16,600 shares during the period. Everence Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Achmea Investment Management B.V. grew its holdings in Keurig Dr Pepper by 0.8% during the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock valued at $1,226,000 after buying an additional 324 shares during the last quarter. Operose Advisors LLC grew its holdings in Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after buying an additional 373 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Keurig Dr Pepper by 0.4% during the 1st quarter. Baird Financial Group Inc. now owns 92,573 shares of the company’s stock valued at $3,508,000 after buying an additional 401 shares during the last quarter. Retirement Guys Formula LLC boosted its holdings in shares of Keurig Dr Pepper by 3.1% during the third quarter. Retirement Guys Formula LLC now owns 14,708 shares of the company’s stock worth $464,000 after purchasing an additional 444 shares during the last quarter. Finally, Mckinley Capital Management LLC boosted its holdings in shares of Keurig Dr Pepper by 1.3% during the third quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock worth $1,129,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Up 0.8 %

Shares of KDP opened at $31.13 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $43.20 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.35 and a beta of 0.66. The stock’s fifty day simple moving average is $30.24 and its 200 day simple moving average is $31.00. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.76%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KDP. HSBC began coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They set a “hold” rating and a $37.00 price objective on the stock. Morgan Stanley decreased their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada decreased their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Wedbush decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Finally, Barclays raised their price objective on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the completion of the sale, the insider now directly owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert James Gamgort bought 171,821 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold 100,012,132 shares of company stock valued at $2,890,354,861 over the last three months. 0.81% of the stock is owned by company insiders.

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.