Keurig Dr Pepper, Inc $KDP Stock Position Decreased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. has reduced its holdings in Keurig Dr Pepper by 47.7% in the first quarter, now owning 36,537 shares worth approximately $1.25 million.
• Keurig Dr Pepper reported a 6.1% revenue increase year-over-year to $4.16 billion, with earnings per share matching analyst expectations at $0.49.
• Analysts have set a consensus price target of $38.38 for Keurig Dr Pepper, with most ratings being a "Moderate Buy."

Advisors Asset Management Inc. trimmed its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 47.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,537 shares of the company's stock after selling 33,314 shares during the period. Advisors Asset Management Inc.'s holdings in Keurig Dr Pepper were worth $1,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KDP. Cary Street Partners Financial LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $77,000. Captrust Financial Advisors raised its position in shares of Keurig Dr Pepper by 26.4% during the 4th quarter. Captrust Financial Advisors now owns 69,463 shares of the company's stock valued at $2,231,000 after acquiring an additional 14,522 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $248,000. Focus Partners Wealth grew its stake in Keurig Dr Pepper by 225.7% during the 4th quarter. Focus Partners Wealth now owns 61,215 shares of the company's stock worth $1,967,000 after buying an additional 42,420 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Keurig Dr Pepper by 1.7% during the 4th quarter. Janus Henderson Group PLC now owns 157,359 shares of the company's stock worth $5,055,000 after buying an additional 2,579 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director directly owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 459,601 shares of company stock valued at $15,228,872. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Down 1.2%

Shares of NASDAQ:KDP traded down $0.33 during midday trading on Friday, reaching $27.27. The company had a trading volume of 10,170,124 shares, compared to its average volume of 13,240,169. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a 1-year low of $27.01 and a 1-year high of $38.28. The firm has a market cap of $37.04 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.50 and a beta of 0.47. The company has a fifty day simple moving average of $32.47 and a two-hundred day simple moving average of $33.32.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group lowered their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. HSBC restated a "hold" rating and set a $30.00 price objective (down 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 objective on Keurig Dr Pepper in a research note on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

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.