First Western Trust Bank Has $4.61 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Western Trust Bank reduced its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 13.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,492 shares of the company's stock after selling 21,788 shares during the quarter. First Western Trust Bank's holdings in Keurig Dr Pepper were worth $4,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC boosted its stake in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after acquiring an additional 389 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at $35,000. Whipplewood Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $42,000. Finally, Brooklyn Investment Group raised its stake in Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after buying an additional 554 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $34.78, for a total value of $417,360.00. Following the sale, the insider now owns 166,511 shares in the company, valued at $5,791,252.58. This trade represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the transaction, the chairman now owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. This trade represents a 11.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,409,350 shares of company stock valued at $2,756,709,930 over the last three months. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KDP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. UBS Group reiterated a "buy" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. Finally, Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus target price of $38.77.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.05 during trading on Wednesday, hitting $33.62. The company had a trading volume of 5,086,292 shares, compared to its average volume of 9,807,201. The stock's 50-day moving average price is $33.17 and its 200 day moving average price is $33.37. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The firm has a market capitalization of $45.61 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.01 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. Equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 87.62%.

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.