Cullen Investment Group LTD. Lowers Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Cullen Investment Group LTD. trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,445 shares of the company’s stock after selling 894 shares during the period. Cullen Investment Group LTD.’s holdings in Keurig Dr Pepper were worth $601,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $29,000. Bruce G. Allen Investments LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $34,000. Ulland Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $50,000. Operose Advisors LLC raised its stake 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 worth $53,000 after buying an additional 373 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Keurig Dr Pepper by 79.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock worth $54,000 after buying an additional 715 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the company’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 transaction, the insider now directly owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,520 shares of company stock worth $2,750,739. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KDP. Wedbush cut their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Jefferies Financial Group cut 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 target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. UBS Group lifted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, TD Cowen boosted their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.62.

Keurig Dr Pepper Trading Down 0.6 %

NASDAQ KDP opened at $34.49 on Thursday. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.00. The company has a 50-day moving average of $33.37 and a 200-day moving average of $31.99. 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 company has a market cap of $46.75 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.62 and a beta of 0.61.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, June 28th. Keurig Dr Pepper’s payout ratio is currently 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.