Greenleaf Trust Cuts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Greenleaf Trust lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,780 shares of the company’s stock after selling 2,338 shares during the quarter. Greenleaf Trust’s holdings in Keurig Dr Pepper were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KDP. Xponance Inc. lifted its stake in shares of Keurig Dr Pepper by 4.4% in the fourth quarter. Xponance Inc. now owns 127,897 shares of the company’s stock worth $4,262,000 after buying an additional 5,362 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Keurig Dr Pepper by 79.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after buying an additional 715 shares in the last quarter. AM Squared Ltd bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth approximately $163,000. Latitude Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Keurig Dr Pepper by 284.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 786,925 shares of the company’s stock worth $26,220,000 after buying an additional 582,382 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Barclays increased their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Royal Bank of Canada lowered 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 report on Friday, February 23rd. Wedbush lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, Morgan Stanley lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Four investment 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, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $36.45.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction 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 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 filing with the SEC, which is accessible through the SEC website. In other news, Director Robert S. Singer sold 12,132 shares of the stock in a transaction 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 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Robert James Gamgort bought 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost 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 approximately $92,535,584.70. The disclosure for this purchase can be found here. Insiders sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 over the last three months. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $31.76 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. Keurig Dr Pepper Inc. has a 1-year low of $27.66 and a 1-year high of $35.99. The company has a market capitalization of $44.07 billion, a PE ratio of 20.49, a PEG ratio of 2.40 and a beta of 0.66. The firm’s 50 day simple moving average is $30.27 and its two-hundred day simple moving average is $31.02.

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

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.71%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.