Cromwell Holdings LLC Has $48,000 Stake in Keurig Dr Pepper, Inc $KDP

Cromwell Holdings LLC reduced its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 37.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,436 shares of the company’s stock after selling 868 shares during the quarter. Cromwell Holdings LLC’s holdings in Keurig Dr Pepper were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Amundi boosted its position in Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after purchasing an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Keurig Dr Pepper by 61.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock worth $2,075,000 after buying an additional 23,167 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock worth $5,038,000 after buying an additional 12,530 shares during the period. LBP AM SA boosted its holdings in shares of Keurig Dr Pepper by 1,772.6% during the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after buying an additional 519,851 shares during the period. Finally, China Universal Asset Management Co. Ltd. grew its stake in Keurig Dr Pepper by 51.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company’s stock valued at $1,154,000 after buying an additional 11,435 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction 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 completion of the transaction, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 435,601 shares of company stock valued at $14,421,512 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Trading Up 0.4%

Shares of NASDAQ:KDP opened at $25.84 on Friday. The company has a market capitalization of $35.10 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.41 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1 year low of $25.27 and a 1 year high of $37.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The business’s 50 day simple moving average is $30.16 and its 200 day simple moving average is $32.52.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 82.14%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. HSBC restated a “hold” rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. TD Cowen lowered their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday. Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Cowen reaffirmed a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $35.14.

About Keurig Dr Pepper

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.