Oak Thistle LLC Decreases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Oak Thistle LLC cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 29.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,530 shares of the company’s stock after selling 3,204 shares during the period. Oak Thistle LLC’s holdings in Keurig Dr Pepper were worth $231,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital World Investors increased its position in Keurig Dr Pepper by 14.6% during the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after acquiring an additional 13,738,345 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 83,014,973 shares of the company’s stock valued at $2,766,059,000 after purchasing an additional 818,426 shares during the last quarter. Capital International Investors lifted its stake in shares of Keurig Dr Pepper by 1.3% in the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock worth $1,867,937,000 after purchasing an additional 730,112 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Keurig Dr Pepper by 2.3% in the third quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after buying an additional 953,639 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Keurig Dr Pepper by 11.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after buying an additional 1,518,286 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Down 1.7 %

Shares of KDP opened at $32.84 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.00. The company has a market cap of $44.52 billion, a PE ratio of 21.19, a P/E/G ratio of 2.52 and a beta of 0.62. The business has a fifty day moving average of $33.95 and a 200 day moving average of $32.09.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s payout ratio is presently 55.48%.

Analyst Ratings Changes

KDP has been the topic of several analyst reports. UBS Group lifted their price target on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. TD Cowen lifted their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Wells Fargo & Company lifted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Finally, BNP Paribas assumed coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.57.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the sale, the insider now directly owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a filing with the SEC, which is available 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 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 completion of the sale, the insider now directly owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now owns 67,103 shares in the company, valued at $2,253,989.77. The disclosure for this sale can be found here. Insiders have sold 81,520 shares of company stock valued at $2,750,739 in the last 90 days. Company insiders own 1.00% of the company’s stock.

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.