Greenleaf Trust Sells 2,338 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Greenleaf Trust lessened its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,780 shares of the company’s stock after selling 2,338 shares during the quarter. Greenleaf Trust’s holdings in Keurig Dr Pepper were worth $359,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $29,000. Geneos Wealth Management Inc. increased its stake in Keurig Dr Pepper by 973.8% during the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after purchasing an additional 818 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $34,000. Finally, Ulland Investment Advisors LLC acquired a new position in Keurig Dr Pepper during the 4th quarter valued at approximately $50,000. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

KDP has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Morgan Stanley cut their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Jefferies Financial Group dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Royal Bank of Canada dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Wedbush dropped their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $31.76 on Wednesday. The company’s fifty day moving average price is $30.27 and its 200 day moving average price is $31.02. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.99. The company has a market capitalization of $44.07 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.40 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.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.71%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total transaction of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares of the company’s stock, valued at $9,579,984,617.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert James Gamgort acquired 171,821 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The disclosure for this purchase can be found here. Insiders have sold a total of 100,012,132 shares of company stock valued at $2,890,354,861 over the last ninety days. Corporate insiders own 0.81% 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.