Belpointe Asset Management LLC Purchases Shares of 17,942 Keurig Dr Pepper, Inc $KDP

Key Points

• Belpointe Asset Management acquired 17,942 shares of Keurig Dr Pepper, Inc, valued at approximately $614,000, as reported in their latest Form 13F filing.
• Multiple institutional investors, including Amundi and Dynamic Technology Lab, have increased their holdings in Keurig Dr Pepper during the first quarter, indicating strong interest in the stock.
• As of the latest reports, Keurig Dr Pepper shares have seen their target prices cut significantly by analysts, with JPMorgan and UBS slashing their estimates, reflecting a cautious outlook on the stock's performance.

Belpointe Asset Management LLC acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,942 shares of the company's stock, valued at approximately $614,000.

Other large investors also recently bought and sold shares of the company. Amundi grew its position in shares of Keurig Dr Pepper by 7.7% in the first quarter. Amundi now owns 4,404,145 shares of the company's stock valued at $156,920,000 after purchasing an additional 315,290 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Keurig Dr Pepper by 61.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company's stock worth $2,075,000 after buying an additional 23,167 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Keurig Dr Pepper by 51.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock valued at $1,154,000 after purchasing an additional 11,435 shares during the period. Praxis Investment Management Inc. lifted its position in shares of Keurig Dr Pepper by 112.2% during the 1st quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock valued at $672,000 after acquiring an additional 10,380 shares during the period. Finally, Vident Advisory LLC raised its position in shares of Keurig Dr Pepper by 85.1% during the 1st quarter. Vident Advisory LLC now owns 26,641 shares of the company's stock worth $912,000 after purchasing an additional 12,250 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research reports. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. reduced their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. UBS Group cut their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. HSBC restated a "hold" rating and set a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Finally, Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Monday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper Stock Down 1.3%

Shares of NASDAQ KDP opened at $27.23 on Friday. The stock has a market cap of $36.99 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.51 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52-week low of $27.01 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The firm has a 50 day moving average price of $32.35 and a 200 day moving average price of $33.26.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. The business 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 firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Insider Transactions at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the firm'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 transaction, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm'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 transaction of $403,920.00. Following the transaction, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 459,601 shares of company stock worth $15,228,872 over the last quarter. Corporate insiders own 0.40% 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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