Caisse DE Depot ET Placement DU Quebec Acquires 1,015,233 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its investment in Keurig Dr Pepper by 9,106.9% in the first quarter, owning over 1 million shares valued at $35 million.
• Other institutional investors also increased their stakes, including Oppenheimer Asset Management, which raised its holdings by 656.1%, indicating strong confidence in the stock.
• Keurig Dr Pepper's stock is currently facing a decline, with a 6.9% drop, as analysts revise their target prices following their latest earnings report.

Caisse DE Depot ET Placement DU Quebec increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 9,106.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,026,381 shares of the company's stock after acquiring an additional 1,015,233 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of Keurig Dr Pepper worth $35,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. MML Investors Services LLC grew its holdings in Keurig Dr Pepper by 10.8% during the fourth quarter. MML Investors Services LLC now owns 50,367 shares of the company's stock valued at $1,618,000 after purchasing an additional 4,928 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Keurig Dr Pepper by 6.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 13,087 shares of the company's stock valued at $420,000 after purchasing an additional 801 shares during the period. Coldstream Capital Management Inc. grew its holdings in Keurig Dr Pepper by 14.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 10,288 shares of the company's stock valued at $330,000 after purchasing an additional 1,316 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Keurig Dr Pepper by 0.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 143,485 shares of the company's stock valued at $4,609,000 after purchasing an additional 1,268 shares during the period. Finally, Tudor Investment Corp ET AL grew its holdings in Keurig Dr Pepper by 10.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 17,362 shares of the company's stock valued at $558,000 after purchasing an additional 1,597 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded down $0.20 during trading hours on Friday, reaching $29.09. 22,200,454 shares of the stock traded hands, compared to its average volume of 14,551,858. The stock has a 50 day simple moving average of $33.36 and a two-hundred day simple moving average of $33.58. Keurig Dr Pepper, Inc has a 1 year low of $28.70 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The company has a market cap of $39.52 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday. Barclays increased their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. UBS Group dropped their target price on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

Insider Transactions at Keurig Dr Pepper

In related news, Director De Ven Michael G. Van acquired 15,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 679,601 shares of company stock worth $22,508,712. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Company 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.