M&T Bank Corp Sells 6,675 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

M&T Bank Corp cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,828 shares of the company’s stock after selling 6,675 shares during the period. M&T Bank Corp’s holdings in Keurig Dr Pepper were worth $3,993,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Keurig Dr Pepper in the 3rd quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the fourth quarter worth $29,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $34,000. Ulland Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at $50,000. Finally, Operose Advisors LLC increased its position in 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 purchasing an additional 373 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 0.7 %

KDP stock opened at $33.81 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market cap of $45.83 billion, a PE ratio of 21.81, a P/E/G ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65. The firm has a 50 day simple moving average of $30.76 and a 200 day simple moving average of $31.32.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KDP has been the topic of several analyst reports. TD Cowen raised their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Morgan Stanley cut their target price on 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. Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Royal Bank of Canada cut their price objective 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. Finally, Barclays raised their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.64.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the transaction, the vice president now owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The disclosure for this sale can be found here. Insiders have sold a total of 100,085,652 shares of company stock valued at $2,892,832,080 over the last three months. 0.81% of the stock is owned by corporate insiders.

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.