Coldstream Capital Management Inc. Sells 1,212 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Coldstream Capital Management Inc. lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,564 shares of the company’s stock after selling 1,212 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Keurig Dr Pepper were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Keurig Dr Pepper by 24.8% in the 4th quarter. UBS Group AG now owns 2,739,142 shares of the company’s stock worth $91,268,000 after acquiring an additional 544,858 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Keurig Dr Pepper by 21.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 182,813 shares of the company’s stock valued at $6,091,000 after buying an additional 32,703 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Keurig Dr Pepper by 62.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 50,201 shares of the company’s stock valued at $1,673,000 after buying an additional 19,260 shares in the last quarter. Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter valued at about $317,979,000. Finally, Kentucky Retirement Systems lifted its holdings in Keurig Dr Pepper by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 80,555 shares of the company’s stock valued at $2,684,000 after buying an additional 344 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Stock Up 0.6 %

Shares of Keurig Dr Pepper stock opened at $34.19 on Monday. The firm’s 50 day moving average price is $32.09 and its 200-day moving average price is $31.70. 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 Inc. has a 52-week low of $27.66 and a 52-week high of $34.65. The company has a market cap of $46.35 billion, a P/E ratio of 22.06, a PEG ratio of 2.59 and a beta of 0.61.

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, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a net margin of 14.52% and a return on equity of 10.18%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS 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. Shareholders of record on Friday, June 28th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, June 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.48%.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $34.19, for a total transaction of $273,520.00. Following the sale, the insider now owns 12,565 shares of the company’s stock, valued at approximately $429,597.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert James Gamgort bought 171,821 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 100,093,652 shares of company stock valued at $2,893,105,600. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KDP shares. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. Wedbush decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Royal Bank of Canada decreased their price objective 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. Jefferies Financial Group cut their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Morgan Stanley cut their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.64.

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.