Aberdeen Group plc Purchases 72,626 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Aberdeen Group plc increased its stake in Keurig Dr Pepper by **5.3%**, acquiring an additional **72,626 shares** to total **1,455,556 shares** valued at approximately **$48.12 million**.
• Analyst ratings for Keurig Dr Pepper have been downgraded, with target prices reduced by firms like Deutsche Bank and Citigroup, suggesting a shift in market sentiment regarding the stock.
• The company reported quarterly earnings of **$0.49 EPS**, matching expectations, and a **6.1% increase** in revenue year-over-year, showcasing resilient financial performance amidst market fluctuations.

Aberdeen Group plc raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,455,556 shares of the company's stock after purchasing an additional 72,626 shares during the period. Aberdeen Group plc owned 0.11% of Keurig Dr Pepper worth $48,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KDP. Park Avenue Securities LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth $251,000. Farther Finance Advisors LLC lifted its position in shares of Keurig Dr Pepper by 122.1% during the first quarter. Farther Finance Advisors LLC now owns 8,771 shares of the company's stock worth $307,000 after acquiring an additional 4,822 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Keurig Dr Pepper by 23.2% during the first quarter. GAMMA Investing LLC now owns 9,963 shares of the company's stock worth $341,000 after acquiring an additional 1,879 shares in the last quarter. CX Institutional lifted its position in shares of Keurig Dr Pepper by 26.5% during the first quarter. CX Institutional now owns 10,799 shares of the company's stock worth $370,000 after acquiring an additional 2,265 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Keurig Dr Pepper by 27.0% during the first quarter. Fifth Third Bancorp now owns 50,636 shares of the company's stock worth $1,733,000 after acquiring an additional 10,762 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on KDP shares. Deutsche Bank Aktiengesellschaft dropped their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. Citigroup dropped their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, September 16th. Piper Sandler lowered their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. TD Cowen lowered their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, October 1st. Finally, Bank of America lowered their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of "Hold" and an average price target of $35.00.

Keurig Dr Pepper Trading Down 0.1%

Shares of KDP stock opened at $25.82 on Friday. The business has a 50-day moving average price of $29.39 and a two-hundred day moving average price of $32.23. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $37.27. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The firm has a market cap of $35.07 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper's dividend payout ratio is 82.14%.

Insider Activity

In other news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated 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 $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 435,601 shares of company stock worth $14,421,512 over the last quarter. Corporate insiders own 0.40% of the company's stock.

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.

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