Asset Management One Co. Ltd. Has $21.72 Million Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• Asset Management One Co. Ltd. increased its holdings in Keurig Dr Pepper, Inc. by 7.7% during the second quarter, acquiring a total of 656,907 shares valued at approximately $21.72 million.
• Major institutions show strong interest in Keurig Dr Pepper, with 93.99% of its stock owned by institutional investors and new stakes purchased recently by several hedge funds.
• Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average price target of $34.87, reflecting a decrease from previous targets set by firms like Citigroup and Deutsche Bank.

Asset Management One Co. Ltd. boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 656,907 shares of the company's stock after buying an additional 47,153 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Keurig Dr Pepper were worth $21,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KDP. Rise Advisors LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter worth $25,000. Chung Wu Investment Group LLC acquired a new stake in Keurig Dr Pepper in the 2nd quarter worth $26,000. WPG Advisers LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter worth $43,000. Private Trust Co. NA grew its position in Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company's stock worth $54,000 after purchasing an additional 339 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Keurig Dr Pepper in the 1st quarter worth $68,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on KDP. Citigroup decreased their price target on shares of 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. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a report on Monday, August 25th. Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $34.87.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 423,601 shares of company stock valued at $14,017,592 in the last quarter. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $27.16 on Friday. The firm has a market cap of $36.90 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.50 and a beta of 0.43. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. 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 company's 50-day moving average price is $28.02 and its two-hundred day moving average price is $31.75.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting analysts' consensus estimates 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 net margin of 9.75% and a return on equity of 11.05%. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper's payout ratio is 82.14%.

Keurig Dr Pepper 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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