Amalgamated Bank Cuts Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Amalgamated Bank cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 207,977 shares of the company’s stock after selling 2,905 shares during the quarter. Amalgamated Bank’s holdings in Keurig Dr Pepper were worth $7,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Keurig Dr Pepper by 312.1% in the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after buying an additional 685 shares during the period. Farmers & Merchants Investments Inc. raised its stake in shares of Keurig Dr Pepper by 51.5% in the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $35,000. Finally, Riverview Trust Co purchased a new stake in Keurig Dr Pepper in the 2nd quarter worth about $39,000. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KDP shares. TD Cowen upped their price objective on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, September 26th. Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.36.

Insider Buying and Selling

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the sale, the insider now owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $32.98 on Thursday. The stock has a market cap of $44.74 billion, a P/E ratio of 19.99, a PEG ratio of 2.54 and a beta of 0.63. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $34.78. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the firm posted $0.48 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s payout ratio is currently 55.76%.

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.