Sanibel Captiva Trust Company Inc. Sells 21,274 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Sanibel Captiva Trust Company Inc. cut its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 287,622 shares of the company’s stock after selling 21,274 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Keurig Dr Pepper were worth $9,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper in the 1st quarter worth approximately $27,000. New Age Alpha Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth $42,000. Finally, LRI Investments LLC lifted its holdings in shares of Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $34.78, for a total value of $417,360.00. Following the transaction, the insider now directly owns 166,511 shares in the company, valued at $5,791,252.58. The trade was a 6.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now directly owns 3,054,490 shares of the company’s stock, valued at approximately $103,730,480.40. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 698,500 shares of company stock worth $23,591,400. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Up 0.6%

Shares of KDP stock opened at $32.97 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a market cap of $44.78 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The firm has a fifty day moving average price of $33.99 and a 200-day moving average price of $33.07.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business earned $0.38 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. Keurig Dr Pepper’s payout ratio is currently 83.64%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KDP shares. Piper Sandler upgraded Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, April 17th. Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Argus assumed coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target of $39.33.

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.