35,515 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Invst LLC

Key Points

• Invst LLC has acquired 35,515 shares of Keurig Dr Pepper, Inc, valued at approximately $1,215,000, marking their first position in the company.
• Several major investors, including Vanguard Group and JPMorgan Chase, increased their stakes in Keurig Dr Pepper during the first quarter, with institutional investors now owning 93.99% of the company's stock.
• Keurig Dr Pepper recently reported $0.49 EPS for the quarter, meeting consensus estimates, along with a year-over-year revenue increase of 6.1% to $4.16 billion.

Invst LLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,515 shares of the company's stock, valued at approximately $1,215,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after acquiring an additional 25,425,644 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after purchasing an additional 20,196,835 shares during the period. Invesco Ltd. increased its stake in shares of Keurig Dr Pepper by 1.7% in the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock valued at $751,920,000 after purchasing an additional 367,518 shares during the period. Northern Trust Corp increased its stake in shares of Keurig Dr Pepper by 0.8% in the first quarter. Northern Trust Corp now owns 13,712,677 shares of the company's stock valued at $469,248,000 after purchasing an additional 114,044 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Keurig Dr Pepper by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company's stock valued at $351,927,000 after purchasing an additional 358,350 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 0.5%

Shares of NASDAQ:KDP opened at $27.59 on Friday. The stock has a market capitalization of $37.48 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.50 and a beta of 0.47. Keurig Dr Pepper, Inc has a 1-year low of $27.10 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a 50 day moving average price of $32.47 and a 200 day moving average price of $33.32.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on KDP. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. HSBC restated a "hold" rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

Insiders Place Their Bets

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert James Gamgort sold 208,000 shares of the firm'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 completion of the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 459,601 shares of company stock worth $15,228,872 over the last quarter. 0.40% of the stock is currently owned by company insiders.

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.

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