Townsquare Capital LLC Decreases Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Townsquare Capital LLC trimmed its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,890 shares of the company’s stock after selling 844 shares during the quarter. Townsquare Capital LLC’s holdings in Keurig Dr Pepper were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $27,000. Continuum Advisory LLC boosted its stake in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $48,000. LRI Investments LLC grew its position in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after purchasing an additional 605 shares during the last quarter. Finally, Riverview Trust Co grew its position in Keurig Dr Pepper by 47.7% during the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company’s stock worth $59,000 after purchasing an additional 552 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director De Ven Michael G. Van purchased 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director owned 15,000 shares in the company, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00. Following the transaction, the insider owned 118,511 shares of the company’s stock, valued at $3,901,382.12. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 672,000 shares of company stock worth $22,235,760. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $34.78 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.54 and a beta of 0.45. The firm’s 50 day simple moving average is $33.50 and its 200-day simple moving average is $33.54. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. Keurig Dr Pepper’s dividend payout ratio is currently 82.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KDP shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Barclays boosted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. UBS Group reduced their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Finally, HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.77.

Keurig Dr Pepper 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.