Curi RMB Capital LLC Sells 98,376 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Curi RMB Capital LLC decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 529,666 shares of the company's stock after selling 98,376 shares during the quarter. Curi RMB Capital LLC's holdings in Keurig Dr Pepper were worth $17,013,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KDP. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock worth $100,796,000 after acquiring an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Keurig Dr Pepper by 53.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after acquiring an additional 112,819 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares in the last quarter. Swedbank AB lifted its holdings in shares of Keurig Dr Pepper by 1.8% in the 4th quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares in the last quarter. Finally, RWC Asset Management LLP raised its holdings in Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after buying an additional 398,916 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the transaction, the insider now owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Angela A. Stephens sold 7,350 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now directly owns 74,587 shares of the company's stock, valued at $2,548,637.79. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,421,350 shares of company stock worth $2,757,137,010 over the last quarter. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Down 1.3 %

Shares of Keurig Dr Pepper stock traded down $0.47 on Thursday, hitting $34.73. The stock had a trading volume of 7,581,939 shares, compared to its average volume of 12,852,718. The stock has a market cap of $47.11 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.42 and a beta of 0.54. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock's 50-day simple moving average is $34.03 and its two-hundred day simple moving average is $33.25.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.23 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.65%. Keurig Dr Pepper's payout ratio is currently 87.62%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Argus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a report on Thursday, February 27th. Royal Bank of Canada restated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, TD Cowen cut their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.21.

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.