Westpac Banking Corp Has $516,000 Stock Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Westpac Banking Corp reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 25.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,073 shares of the company’s stock after selling 5,017 shares during the period. Westpac Banking Corp’s holdings in Keurig Dr Pepper were worth $516,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper during the first quarter worth approximately $27,000. Continuum Advisory LLC lifted its position in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after acquiring an additional 602 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper during the first quarter worth approximately $48,000. LRI Investments LLC lifted its position in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after acquiring an additional 605 shares during the last quarter. Finally, Riverview Trust Co increased its holdings in shares of Keurig Dr Pepper by 47.7% during the first quarter. Riverview Trust Co now owns 1,710 shares of the company’s stock worth $59,000 after purchasing an additional 552 shares during the period. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on KDP. JPMorgan Chase & Co. lowered their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, July 17th. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a “buy” rating and a $40.00 target price on the stock. UBS Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Barclays raised their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.77.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the sale, the director owned 2,292,169 shares of the company’s stock, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director De Ven Michael G. Van bought 15,000 shares of the firm’s stock in a transaction on Wednesday, June 4th. The shares were bought at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the purchase, the director owned 15,000 shares of the company’s stock, valued at approximately $498,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 672,000 shares of company stock valued at $22,235,760. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $34.82 on Thursday. The company’s 50 day simple moving average is $33.42 and its 200 day simple moving average is $33.49. The stock has a market capitalization of $47.30 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.54 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper’s payout ratio is presently 82.14%.

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.