Bank of Montreal Can Sells 210,067 Shares of Keurig Dr Pepper, Inc $KDP

Bank of Montreal Can lowered its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 20.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 823,342 shares of the company’s stock after selling 210,067 shares during the period. Bank of Montreal Can owned about 0.06% of Keurig Dr Pepper worth $27,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $25,000. Chung Wu Investment Group LLC acquired a new position in Keurig Dr Pepper during the second quarter valued at approximately $26,000. WPG Advisers LLC bought a new position in Keurig Dr Pepper in the first quarter valued at approximately $43,000. Private Trust Co. NA increased its position in shares of Keurig Dr Pepper by 26.4% during the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Keurig Dr Pepper by 55.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,672 shares of the company’s stock worth $55,000 after purchasing an additional 596 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on KDP shares. Bank of America decreased their target price on shares of Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Citigroup dropped their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. HSBC restated a “hold” rating and set a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Trading Down 1.3%

Shares of KDP stock opened at $26.36 on Friday. Keurig Dr Pepper, Inc has a fifty-two week low of $25.03 and a fifty-two week high of $36.12. The stock’s fifty day moving average price is $27.05 and its two-hundred day moving average price is $31.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.40 and a current ratio of 0.62. The company has a market cap of $35.81 billion, a PE ratio of 22.72, a P/E/G ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

Insider Activity

In related news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.

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.