Voya Investment Management LLC Sells 19,552 Shares of Keurig Dr Pepper, Inc $KDP

Voya Investment Management LLC trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 366,260 shares of the company’s stock after selling 19,552 shares during the period. Voya Investment Management LLC’s holdings in Keurig Dr Pepper were worth $12,533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP raised its stake in Keurig Dr Pepper by 17.6% in the fourth quarter. Quantinno Capital Management LP now owns 67,732 shares of the company’s stock worth $2,176,000 after buying an additional 10,143 shares in the last quarter. Toronto Dominion Bank raised its stake in Keurig Dr Pepper by 10.1% in the fourth quarter. Toronto Dominion Bank now owns 646,561 shares of the company’s stock worth $20,768,000 after buying an additional 59,137 shares in the last quarter. State of Wyoming raised its stake in Keurig Dr Pepper by 243.0% in the fourth quarter. State of Wyoming now owns 7,031 shares of the company’s stock worth $226,000 after buying an additional 4,981 shares in the last quarter. Twinbeech Capital LP bought a new position in Keurig Dr Pepper in the fourth quarter worth about $8,625,000. Finally, Vident Advisory LLC raised its stake in Keurig Dr Pepper by 23.5% in the fourth quarter. Vident Advisory LLC now owns 14,391 shares of the company’s stock worth $462,000 after buying an additional 2,740 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Up 0.8%

Shares of Keurig Dr Pepper stock opened at $26.96 on Wednesday. The company has a market cap of $36.62 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.46 and a beta of 0.47. The company’s 50 day moving average is $32.06 and its 200 day moving average is $33.17. Keurig Dr Pepper, Inc has a twelve month low of $26.58 and a twelve month high of $38.28. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 459,601 shares of company stock worth $15,228,872 over the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KDP. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. HSBC reissued a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Finally, Citigroup cut their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.15.

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.