Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 4.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,562,197 shares of the company’s stock after selling 118,686 shares during the quarter. BNP Paribas Financial Markets’ holdings in Keurig Dr Pepper were worth $96,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KDP. Ashton Thomas Securities LLC purchased a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $25,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after buying an additional 685 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Keurig Dr Pepper by 51.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock worth $30,000 after buying an additional 301 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Keurig Dr Pepper by 105.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock worth $39,000 after buying an additional 530 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research reports. Citigroup cut their target price on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Jefferies Financial Group cut their price target on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $32.65 on Wednesday. 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. The company has a market cap of $44.29 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. The stock’s 50-day moving average is $35.01 and its 200-day moving average is $34.70.

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

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.82%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.76%.

Insider Activity

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the completion of the sale, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% 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.