First American Bank Cuts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

First American Bank lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,220 shares of the company’s stock after selling 2,036 shares during the period. First American Bank’s holdings in Keurig Dr Pepper were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Keurig Dr Pepper in the third quarter worth $25,000. LRI Investments LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter worth about $35,000. Whipplewood Advisors LLC bought a new position in Keurig Dr Pepper during the 4th quarter valued at about $37,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at about $61,000. Finally, R Squared Ltd bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth approximately $70,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Down 0.4 %

Shares of Keurig Dr Pepper stock opened at $33.60 on Friday. Keurig Dr Pepper Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The company has a market capitalization of $45.57 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a fifty day moving average of $31.91 and a 200 day moving average of $33.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. Keurig Dr Pepper’s dividend payout ratio is 55.76%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday. UBS Group restated a “buy” rating on shares of Keurig Dr Pepper in a research note on Tuesday. TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Piper Sandler initiated coverage on Keurig Dr Pepper in a research note on Tuesday. They set a “neutral” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.23.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now directly owns 218,063,479 shares of the company’s stock, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

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.