First Western Trust Bank Cuts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

First Western Trust Bank decreased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,280 shares of the company's stock after selling 23,114 shares during the quarter. Keurig Dr Pepper makes up 0.3% of First Western Trust Bank's portfolio, making the stock its 29th biggest position. First Western Trust Bank's holdings in Keurig Dr Pepper were worth $6,195,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KDP. LMR Partners LLP increased its holdings in Keurig Dr Pepper by 55.5% in the third quarter. LMR Partners LLP now owns 521,000 shares of the company's stock valued at $19,527,000 after buying an additional 186,002 shares during the last quarter. Clarkston Capital Partners LLC increased its holdings in Keurig Dr Pepper by 0.3% in the third quarter. Clarkston Capital Partners LLC now owns 588,802 shares of the company's stock valued at $22,068,000 after buying an additional 1,481 shares during the last quarter. Swiss National Bank grew its holdings in shares of Keurig Dr Pepper by 0.5% during the third quarter. Swiss National Bank now owns 3,219,000 shares of the company's stock valued at $120,648,000 after purchasing an additional 15,200 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in Keurig Dr Pepper in the third quarter worth approximately $755,000. Finally, RIA Advisory Group LLC acquired a new stake in shares of Keurig Dr Pepper during the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KDP. Barclays dropped their price target on shares of Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Evercore ISI raised shares of Keurig Dr Pepper to a "hold" rating in a research report on Thursday, September 5th. Jefferies Financial Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company a "hold" rating in a report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.36.

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Keurig Dr Pepper Trading Down 1.0 %

Keurig Dr Pepper stock traded down $0.32 during mid-day trading on Monday, hitting $31.34. The company's stock had a trading volume of 9,929,356 shares, compared to its average volume of 9,222,745. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63. The business has a 50 day moving average price of $35.73 and a 200-day moving average price of $34.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Keurig Dr Pepper's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.94%. This is a boost from Keurig Dr Pepper's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Keurig Dr Pepper Company Profile

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.