Amundi Acquires 315,290 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Amundi has increased its stake in Keurig Dr Pepper, Inc by 7.7%, now owning 4,404,145 shares worth approximately $156.92 million.
• A total of 93.99% of Keurig Dr Pepper's stock is held by institutional investors and hedge funds, indicating strong backing from large investment entities.
• Recent insider transactions included director Robert James Gamgort selling 208,000 shares for $6.84 million, reducing his ownership by 8.32%.

Amundi lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,404,145 shares of the company's stock after acquiring an additional 315,290 shares during the quarter. Amundi owned about 0.32% of Keurig Dr Pepper worth $156,920,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 21.3% during the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after purchasing an additional 25,425,644 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Keurig Dr Pepper by 108.1% during the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock worth $1,330,565,000 after purchasing an additional 20,196,835 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Keurig Dr Pepper by 981.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company's stock worth $86,050,000 after purchasing an additional 2,282,050 shares during the last quarter. Seven Grand Managers LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $51,330,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Keurig Dr Pepper by 15.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,260,957 shares of the company's stock worth $297,462,000 after purchasing an additional 1,258,062 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert James Gamgort sold 7,601 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 459,601 shares of company stock worth $15,228,872. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. HSBC reissued a "hold" rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Hsbc Global Res cut Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a report on Monday, August 25th. Finally, UBS Group cut their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded down $0.60 during trading hours on Friday, hitting $28.65. The company had a trading volume of 21,094,736 shares, compared to its average volume of 19,150,458. Keurig Dr Pepper, Inc has a 12 month low of $28.58 and a 12 month high of $38.28. The firm has a market capitalization of $38.92 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.57 and a beta of 0.47. The firm's fifty day moving average is $32.94 and its 200 day moving average is $33.49. 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 (NASDAQ:KDP - Get Free Report) last released 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. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the company posted $0.45 EPS. The company's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal 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.