Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,205 shares of the company’s stock after selling 3,898 shares during the period. Los Angeles Capital Management LLC’s holdings in Keurig Dr Pepper were worth $3,196,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $34,000. Ulland Investment Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $50,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Keurig Dr Pepper by 79.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after purchasing an additional 715 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Keurig Dr Pepper during the fourth quarter worth $55,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price objective for the company from $27.00 to $34.00 in a research note on Monday. Jefferies Financial Group dropped their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Barclays increased their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Finally, Morgan Stanley reduced their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.62.

Insider Activity at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the completion of the sale, the insider now owns 100,000 shares in the company, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The disclosure for this sale can be found here. Insiders sold 81,520 shares of company stock valued at $2,750,739 over the last three months. 1.00% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 0.8 %

Shares of NASDAQ:KDP opened at $34.21 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.00. The company’s 50 day moving average is $33.45 and its two-hundred day moving average is $32.00. The company has a market cap of $46.37 billion, a PE ratio of 22.07, a P/E/G ratio of 2.61 and a beta of 0.61. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. Keurig Dr Pepper’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s payout ratio is 55.48%.

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.