Bank Julius Baer & Co. Ltd Zurich Grows Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Bank Julius Baer & Co. Ltd Zurich lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,421,893 shares of the company's stock after purchasing an additional 129,412 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.18% of Keurig Dr Pepper worth $88,789,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper during the first quarter worth about $27,000. New Age Alpha Advisors LLC increased its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Continuum Advisory LLC grew its position in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after acquiring an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in shares of Keurig Dr Pepper during the first quarter worth approximately $48,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KDP shares. UBS Group reduced their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their target price for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the company from $36.00 to $42.00 in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $39.62.

Keurig Dr Pepper Stock Performance

KDP traded up $0.20 during trading on Tuesday, reaching $33.52. 3,110,933 shares of the company were exchanged, compared to its average volume of 10,970,026. The stock has a market cap of $45.53 billion, a P/E ratio of 30.59, a PEG ratio of 2.58 and a beta of 0.47. The firm has a 50 day moving average of $33.25 and a 200 day moving average of $33.20. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 annualized dividend and a yield of 2.74%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 14,500 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president directly owned 62,411 shares of the company's stock, valued at $2,136,952.64. This represents a 18.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the sale, the director directly owned 2,846,490 shares of the company's stock, valued at approximately $97,122,238.80. This represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 698,500 shares of company stock worth $23,557,560. Corporate insiders own 1.00% of the company's stock.

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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