Keurig Dr Pepper Inc. (NASDAQ:KDP) Stake Cut by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. cut its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,801 shares of the company’s stock after selling 427 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Keurig Dr Pepper were worth $822,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Morningstar Investment Management LLC increased its position in Keurig Dr Pepper by 1.1% in the fourth quarter. Morningstar Investment Management LLC now owns 31,543 shares of the company’s stock worth $1,051,000 after buying an additional 328 shares during the period. Kentucky Retirement Systems increased its position in Keurig Dr Pepper by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock worth $2,684,000 after buying an additional 344 shares during the period. Czech National Bank increased its position in Keurig Dr Pepper by 0.3% in the fourth quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after buying an additional 502 shares during the period. US Bancorp DE increased its position in Keurig Dr Pepper by 0.4% in the fourth quarter. US Bancorp DE now owns 121,107 shares of the company’s stock worth $4,035,000 after buying an additional 503 shares during the period. Finally, Marco Investment Management LLC increased its position in Keurig Dr Pepper by 2.7% in the fourth quarter. Marco Investment Management LLC now owns 20,650 shares of the company’s stock worth $688,000 after buying an additional 550 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $429,597.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger Frederick Johnson sold 31,227 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 100,000 shares of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. Insiders sold 81,520 shares of company stock worth $2,750,739 in the last quarter. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of several analyst reports. Barclays increased their target price 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. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price target for the company from $27.00 to $34.00 in a report on Monday, June 17th. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Jefferies Financial Group lowered their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, TD Cowen raised their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Seven 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 has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Get Our Latest Stock Analysis on Keurig Dr Pepper

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $32.66 on Friday. The business’s 50-day moving average price is $33.94 and its 200 day moving average price is $32.11. The firm has a market cap of $44.27 billion, a P/E ratio of 21.07, a PEG ratio of 2.47 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.00. 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 (NASDAQ:KDPGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period in the previous year, the company earned $0.34 earnings per share. Keurig Dr Pepper’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Keurig Dr Pepper Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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