American International Group Inc. Sells 3,625 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

American International Group Inc. lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,137 shares of the company’s stock after selling 3,625 shares during the period. American International Group Inc.’s holdings in Keurig Dr Pepper were worth $16,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $29,000. Bruce G. Allen Investments LLC bought a new position in Keurig Dr Pepper during the 4th quarter valued at about $34,000. Ulland Investment Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $50,000. Operose Advisors LLC grew its stake 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 acquiring an additional 373 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Keurig Dr Pepper by 79.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after purchasing an additional 715 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on KDP shares. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. 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, April 26th. Wedbush lowered 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 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. Finally, 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 for the company in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.83.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.02 during trading on Friday, reaching $34.04. The company’s stock had a trading volume of 4,589,027 shares, compared to its average volume of 6,360,757. The company’s fifty day moving average is $33.22 and its 200-day moving average is $31.95. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $35.00. The company has a market capitalization of $46.14 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results 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 firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.53%. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 76,081 shares of the company’s stock, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Angela A. Stephens sold 25,000 shares of the company’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 sale, the vice president now owns 76,081 shares of the company’s stock, valued at $2,557,082.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthew Andrew Archambault sold 8,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares of the company’s stock, valued at $429,597.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,520 shares of company stock worth $2,750,739. Insiders own 1.00% of the company’s stock.

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.