Alliancebernstein L.P. Acquires 54,438 Shares of Keurig Dr Pepper, Inc $KDP

Alliancebernstein L.P. boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,418,125 shares of the company's stock after acquiring an additional 54,438 shares during the quarter. Alliancebernstein L.P. owned 0.10% of Keurig Dr Pepper worth $48,528,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $27,000. WPG Advisers LLC bought a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $43,000. Continuum Advisory LLC lifted its stake in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after acquiring an additional 602 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper in the 1st quarter valued at approximately $48,000. Finally, LRI Investments LLC lifted its stake in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after acquiring an additional 605 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 459,601 shares of company stock worth $15,228,872. 0.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research reports. UBS Group cut their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Barclays boosted their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a report on Monday, August 25th. Finally, Hsbc Global Res cut Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.38.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded down $0.47 on Friday, hitting $27.12. The company's stock had a trading volume of 5,905,912 shares, compared to its average volume of 13,214,309. The firm has a market capitalization of $36.84 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.50 and a beta of 0.47. The stock has a fifty day moving average of $32.47 and a two-hundred day moving average of $33.32. Keurig Dr Pepper, Inc has a one year low of $27.08 and a one year high of $38.28. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

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

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.