First National Trust Co Has $265,000 Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

First National Trust Co decreased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,966 shares of the company’s stock after selling 800 shares during the period. First National Trust Co’s holdings in Keurig Dr Pepper were worth $265,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in Keurig Dr Pepper by 2.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 114,267 shares of the company’s stock valued at $3,607,000 after purchasing an additional 2,677 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Keurig Dr Pepper by 11.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,390,695 shares of the company’s stock worth $233,324,000 after purchasing an additional 730,582 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Keurig Dr Pepper by 3.5% in the 3rd quarter. New York State Teachers Retirement System now owns 731,791 shares of the company’s stock valued at $23,103,000 after purchasing an additional 24,722 shares during the last quarter. Lindbrook Capital LLC increased its stake in Keurig Dr Pepper by 54.2% in the third quarter. Lindbrook Capital LLC now owns 2,787 shares of the company’s stock valued at $88,000 after purchasing an additional 980 shares in the last quarter. Finally, WESPAC Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 5.0% in the third quarter. WESPAC Advisors LLC now owns 29,551 shares of the company’s stock valued at $933,000 after buying an additional 1,415 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Wedbush dropped their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Barclays raised their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.64.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded down $0.08 during midday trading on Monday, reaching $33.75. 304,370 shares of the company were exchanged, compared to its average volume of 10,248,515. The stock has a fifty day simple moving average of $30.68 and a 200 day simple moving average of $31.28. The stock has a market cap of $45.75 billion, a P/E ratio of 21.83, a PEG ratio of 2.56 and a beta of 0.61. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. On average, research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 annualized dividend and a yield of 2.55%. Keurig Dr Pepper’s payout ratio is 55.48%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, CEO Robert James Gamgort purchased 171,821 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the acquisition, the chief executive officer now owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Keurig Dr Pepper news, CEO Robert James Gamgort acquired 171,821 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now owns 3,179,917 shares in the company, valued at approximately $92,535,584.70. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the sale, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. Insiders have sold a total of 100,085,652 shares of company stock valued at $2,892,832,080 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

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.