First Western Trust Bank Cuts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Western Trust Bank reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 12.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 165,280 shares of the company’s stock after selling 23,114 shares during the period. Keurig Dr Pepper makes up approximately 0.3% of First Western Trust Bank’s portfolio, making the stock its 29th largest position. First Western Trust Bank’s holdings in Keurig Dr Pepper were worth $6,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Keurig Dr Pepper by 107.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after buying an additional 12,259,471 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Keurig Dr Pepper by 5.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock worth $574,146,000 after buying an additional 730,297 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Keurig Dr Pepper by 2.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,342,765 shares of the company’s stock valued at $445,648,000 after acquiring an additional 317,837 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Keurig Dr Pepper by 6.5% during the 2nd quarter. Legal & General Group Plc now owns 9,971,838 shares of the company’s stock valued at $333,057,000 after acquiring an additional 609,857 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Barclays cut their target price on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Keurig Dr Pepper Stock Down 5.2 %

Shares of NASDAQ KDP opened at $31.66 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The stock’s 50-day simple moving average is $35.73 and its 200-day simple moving average is $34.78. The firm has a market cap of $42.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.45 and a beta of 0.63.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Company 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.