Asset Management One Co. Ltd. Acquires 32,958 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Asset Management One increased its Keurig Dr Pepper stake by 4.9% in the third quarter, adding 32,958 shares to hold 709,977 shares worth approximately $21.5 million. Institutional investors collectively own 93.99% of the company.
• Keurig Dr Pepper reported quarterly EPS of $0.57, beating estimates by $0.03, while revenue reached $7.31 billion, up 75.6% year over year. The company also pays a quarterly dividend of $0.23, equivalent to a 2.6% annual yield.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $36.12 versus the stock’s reported $35.30 price; targets range from $32 to $38.

Asset Management One Co. Ltd. grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 709,977 shares of the company's stock after purchasing an additional 32,958 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of Keurig Dr Pepper worth $21,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc purchased a new position in Keurig Dr Pepper during the 2nd quarter worth $269,336,000. Lone Peak Global Investors LLC lifted its holdings in shares of Keurig Dr Pepper by 6.2% in the 2nd quarter. Lone Peak Global Investors LLC now owns 1,098,204 shares of the company's stock worth $35,944,000 after buying an additional 63,646 shares during the period. Moore Capital Management LP bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $10,584,000. Saudi Central Bank increased its stake in shares of Keurig Dr Pepper by 89.7% during the second quarter. Saudi Central Bank now owns 90,351 shares of the company's stock valued at $2,957,000 after buying an additional 42,712 shares during the period. Finally, Nykredit A S purchased a new position in shares of Keurig Dr Pepper during the second quarter valued at $8,341,000. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the sale, the insider owned 84,171 shares of the company's stock, valued at approximately $2,739,766.05. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aaron E. Alt purchased 7,862 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.34% of the company's stock.

Keurig Dr Pepper Stock Up 1.1%

NASDAQ:KDP opened at $35.30 on Friday. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.40. The stock has a market capitalization of $48.04 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.66 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The company's 50-day simple moving average is $32.36 and its 200-day simple moving average is $29.95.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company's quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.30 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper's payout ratio is presently 92.93%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Keurig Dr Pepper from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, August 7th. Barclays boosted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, August 10th. TD Cowen upped their price target on shares of Keurig Dr Pepper from $31.00 to $33.00 in a research report on Wednesday, July 8th. Evercore increased their price objective on shares of Keurig Dr Pepper from $30.00 to $32.00 in a research note on Thursday, October 8th. Finally, Morgan Stanley started coverage on shares of Keurig Dr Pepper in a report on Thursday, August 20th. They set an "overweight" rating and a $38.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average price target of $36.12.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.

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