Simmons Bank Sells 10,175 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Simmons Bank trimmed its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,584 shares of the company’s stock after selling 10,175 shares during the period. Simmons Bank’s holdings in Keurig Dr Pepper were worth $553,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Keurig Dr Pepper in the third quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Keurig Dr Pepper during the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC bought a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $34,000. Ulland Investment Advisors LLC bought a new position in Keurig Dr Pepper during the fourth quarter worth $50,000. Finally, Operose Advisors LLC raised its position in shares of Keurig Dr Pepper by 28.7% in the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after purchasing an additional 373 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.13 during midday trading on Wednesday, reaching $33.68. 2,991,934 shares of the stock were exchanged, compared to its average volume of 10,169,057. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $34.65. The company has a fifty day moving average price of $30.85 and a 200 day moving average price of $31.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market capitalization of $45.66 billion, a PE ratio of 21.72, a P/E/G ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In related news, CEO Robert James Gamgort bought 171,821 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $29.10 per share, with a total value of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares in the company, valued at $92,535,584.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Keurig Dr Pepper news, CEO Robert James Gamgort bought 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of $29.10 per share, with a total value of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick Minogue sold 17,293 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now owns 67,103 shares in the company, valued at $2,253,989.77. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,085,652 shares of company stock worth $2,892,832,080. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of several research reports. Barclays lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. TD Cowen raised their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Jefferies Financial Group cut their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Royal Bank of Canada reduced their target price on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Morgan Stanley dropped their price target on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.64.

Keurig Dr Pepper Company 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.