Fulton Bank N.A. Sells 4,893 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fulton Bank N.A. cut its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 42.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,714 shares of the company’s stock after selling 4,893 shares during the period. Fulton Bank N.A.’s holdings in Keurig Dr Pepper were worth $206,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Morningstar Investment Management LLC increased its position in shares of Keurig Dr Pepper by 1.1% during the 4th quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock valued at $1,051,000 after purchasing an additional 328 shares during the last quarter. Kentucky Retirement Systems increased its position in shares of Keurig Dr Pepper by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after purchasing an additional 344 shares during the last quarter. Operose Advisors LLC increased its position in shares of 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 purchasing an additional 373 shares during the last quarter. Mckinley Capital Management LLC increased its position in shares of Keurig Dr Pepper by 1.3% during the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after purchasing an additional 470 shares during the last quarter. Finally, Czech National Bank increased its holdings in Keurig Dr Pepper by 0.3% in the 4th quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after acquiring an additional 502 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Barclays lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $27.00 to $34.00 in a report on Monday, June 17th. Morgan Stanley decreased their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Finally, TD Cowen lifted their price objective on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.62.

Insider Activity

In other news, VP Angela A. Stephens sold 25,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was 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. In the last 90 days, insiders sold 81,520 shares of company stock worth $2,750,739. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Up 0.5 %

KDP stock opened at $34.38 on Friday. The firm has a market capitalization of $46.60 billion, a PE ratio of 22.18, a PEG ratio of 2.59 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $33.60 and a two-hundred day simple moving average of $32.03. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.00.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.50%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 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.