Amalgamated Bank Sells 12,560 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Amalgamated Bank lessened its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 238,775 shares of the company’s stock after selling 12,560 shares during the period. Amalgamated Bank’s holdings in Keurig Dr Pepper were worth $7,956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in Keurig Dr Pepper during the 3rd quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $29,000. Bruce G. Allen Investments LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $34,000. Ulland Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth approximately $50,000. Finally, Operose Advisors LLC grew its stake in shares of Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wedbush reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. TD Cowen upped their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Jefferies Financial Group dropped 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. Royal Bank of Canada reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Finally, Morgan Stanley lowered their price target on shares of 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. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which is available through this link. In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the sale, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the sale, the insider now owns 67,103 shares of the company’s stock, valued at $2,253,989.77. The disclosure for this sale can be found here. Insiders sold a total of 100,085,652 shares of company stock worth $2,892,832,080 in the last three months. Insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Up 0.8 %

Keurig Dr Pepper stock opened at $33.83 on Friday. The company’s 50 day simple moving average is $30.68 and its 200 day simple moving average is $31.24. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm earned $0.34 EPS. Keurig Dr Pepper’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.215 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 annualized dividend and a dividend yield of 2.54%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

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.