81,761 Shares in Keurig Dr Pepper, Inc $KDP Bought by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 81,761 shares of Keurig Dr Pepper, Inc for approximately $2.8 million in the first quarter, highlighting growing institutional interest in the company.
• Insiders reported notable transactions, including Director Robert James Gamgort selling 7,601 shares, while Director De Ven Michael G. Van purchased 15,000 shares, indicating mixed sentiment among insiders.
• Keurig Dr Pepper's stock is currently trading down 0.2% at $35.13, with a market capitalization of $47.72 billion and analysts forecasting EPS of 1.92 for the current fiscal year.

Campbell & CO Investment Adviser LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 81,761 shares of the company's stock, valued at approximately $2,798,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper during the 1st quarter worth approximately $27,000. Continuum Advisory LLC increased its position in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper during the 1st quarter worth approximately $48,000. LRI Investments LLC increased its position in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Riverview Trust Co increased its position in Keurig Dr Pepper by 47.7% during the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KDP. UBS Group lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, HSBC restated a "hold" rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.38.

Insider Transactions at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 679,601 shares of company stock worth $22,508,712 over the last three months. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 1.4%

Shares of KDP traded down $0.43 during trading hours on Thursday, hitting $29.29. 21,955,438 shares of the stock were exchanged, compared to its average volume of 12,570,265. Keurig Dr Pepper, Inc has a fifty-two week low of $28.70 and a fifty-two week 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 business has a 50-day moving average of $33.52 and a 200-day moving average of $33.61. The firm has a market capitalization of $39.79 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 1.96 and a beta of 0.45.

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

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.