Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. cut its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,953,229 shares of the company’s stock after selling 423,222 shares during the period. Bahl & Gaynor Inc.’s holdings in Keurig Dr Pepper were worth $165,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KDP. OFI Invest Asset Management acquired a new stake in Keurig Dr Pepper during the third quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at $29,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $34,000. Ulland Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $50,000. Finally, Operose Advisors LLC boosted its position in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after buying an additional 373 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $33.72 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. The business has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $31.08. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 2.57 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the company earned $0.34 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.55%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KDP. Morgan Stanley decreased their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Jefferies Financial Group decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Barclays raised their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Royal Bank of Canada decreased their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, TD Cowen raised their target price on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus price target of $36.33.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the transaction, the director now directly owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Keurig Dr Pepper news, Director Robert S. Singer sold 12,132 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total transaction of $354,861.00. Following the transaction, the director now directly owns 37,643 shares in the company, valued at $1,101,057.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert James Gamgort acquired 171,821 shares of the company’s 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 $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $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 worth $2,890,354,861 over the last three months. Corporate insiders own 0.81% of the company’s stock.

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.