TIAA Trust National Association Sells 56,699 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

TIAA Trust National Association decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 17.6% in the fourth quarter, Holdings Channel reports. The firm owned 266,052 shares of the company’s stock after selling 56,699 shares during the quarter. TIAA Trust National Association’s holdings in Keurig Dr Pepper were worth $8,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter worth $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock worth $28,000 after purchasing an additional 818 shares in the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $34,000. Bruce G. Allen Investments LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $34,000. Finally, First Manhattan Co. bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $50,000. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $30.92 on Wednesday. The company has a market capitalization of $42.90 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The business’s fifty day moving average is $30.43 and its 200 day moving average is $31.14. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.99.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. Keurig Dr Pepper’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. Sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.78%. Keurig Dr Pepper’s payout ratio is 55.48%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. HSBC assumed coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They issued a “hold” rating and a $37.00 price objective for the company. Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Morgan Stanley cut their price objective on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.27.

Check Out Our Latest Report on Keurig Dr Pepper

Insider Activity

In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the transaction, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the transaction, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Priyadarshi Sudhanshu acquired 85,910 shares of the stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, for a total transaction of $2,499,981.00. Following the completion of the transaction, the chief financial officer now directly owns 218,566 shares of the company’s stock, valued at $6,360,270.60. The disclosure for this purchase can be found here. Insiders have sold 100,012,132 shares of company stock worth $2,890,354,861 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

About Keurig Dr Pepper

(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.

See Also

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

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