Bank of New York Mellon Corp Sells 285,603 Shares of Keurig Dr Pepper, Inc $KDP

Bank of New York Mellon Corp decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,181,321 shares of the company’s stock after selling 285,603 shares during the quarter. Bank of New York Mellon Corp’s holdings in Keurig Dr Pepper were worth $189,084,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares in the last quarter. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares in the last quarter. Activest Wealth Management boosted its stake in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after buying an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $31,000. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 1.5%

Shares of KDP opened at $30.91 on Friday. The firm has a 50 day simple moving average of $30.79 and a two-hundred day simple moving average of $28.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a market cap of $42.05 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.41 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is currently 68.15%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Evercore set a $30.00 target price on Keurig Dr Pepper in a research report on Friday, April 24th. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $30.00 to $36.00 in a report on Thursday, June 25th. Citigroup raised their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 1st. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.07.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.