Comerica Bank Acquires 679 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Comerica Bank boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDPGet Rating) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,052 shares of the company’s stock after acquiring an additional 679 shares during the quarter. Comerica Bank’s holdings in Keurig Dr Pepper were worth $268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Curi Wealth Management LLC acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $25,000. Covestor Ltd acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $26,000. Riverview Trust Co acquired a new position in Keurig Dr Pepper in the first quarter valued at about $30,000. Quent Capital LLC acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $41,000. Finally, Standard Family Office LLC acquired a new position in Keurig Dr Pepper in the fourth quarter valued at about $44,000. Institutional investors own 50.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KDP. UBS Group lowered shares of Keurig Dr Pepper from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $38.00 in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reduced their target price on shares of Keurig Dr Pepper from $44.00 to $42.00 in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.67.

Keurig Dr Pepper Stock Up 0.6 %

Shares of NASDAQ:KDP opened at $38.74 on Monday. Keurig Dr Pepper Inc. has a 52 week low of $32.44 and a 52 week high of $39.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.54. The company has a market capitalization of $54.95 billion, a PE ratio of 23.06, a PEG ratio of 3.18 and a beta of 0.59. The company has a 50 day moving average price of $35.80 and a two-hundred day moving average price of $37.01.

Keurig Dr Pepper (NASDAQ:KDPGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Keurig Dr Pepper had a net margin of 18.71% and a return on equity of 9.22%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper Inc. will post 1.7 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, June 30th. Keurig Dr Pepper’s dividend payout ratio is 44.64%.

Insider Transactions at Keurig Dr Pepper

In related news, insider Anthony Shoemaker acquired 5,500 shares of the stock in a transaction dated Tuesday, May 17th. The stock was bought at an average price of $35.60 per share, with a total value of $195,800.00. Following the completion of the transaction, the insider now directly owns 53,500 shares of the company’s stock, valued at $1,904,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Herbert Derek Hopkins sold 37,500 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $35.55, for a total transaction of $1,333,125.00. Following the completion of the transaction, the insider now owns 174,610 shares in the company, valued at $6,207,385.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony Shoemaker purchased 5,500 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was purchased at an average price of $35.60 per share, with a total value of $195,800.00. Following the purchase, the insider now owns 53,500 shares of the company’s stock, valued at $1,904,600. The disclosure for this purchase can be found here. Insiders purchased 70,395 shares of company stock valued at $2,544,480 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Profile

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Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages segments. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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