Canada Pension Plan Investment Board Has $62.37 Million Stake in Keurig Dr Pepper, Inc $KDP

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in Keurig Dr Pepper, Inc by 34.8% in the first quarter, selling 971,403 shares to own about 1.82 million shares valued at $62.4 million.
• Other investors such as Vanguard Group, JPMorgan Chase, and T. Rowe Price significantly increased their positions, with T. Rowe Price raising its stake by 981.3% during the same period.
• Analyst ratings for Keurig Dr Pepper reflect a generally optimistic outlook, with several firms setting target prices between $35.00 and $41.00, and a consensus rating of "Moderate Buy."

Canada Pension Plan Investment Board reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 34.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,822,481 shares of the company's stock after selling 971,403 shares during the quarter. Canada Pension Plan Investment Board owned 0.13% of Keurig Dr Pepper worth $62,365,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KDP. China Universal Asset Management Co. Ltd. raised its stake in Keurig Dr Pepper by 51.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock valued at $1,154,000 after buying an additional 11,435 shares during the last quarter. Praxis Investment Management Inc. increased its position in shares of Keurig Dr Pepper by 112.2% during the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock worth $672,000 after acquiring an additional 10,380 shares during the period. Aspire Private Capital LLC bought a new position in shares of Keurig Dr Pepper during the first quarter valued at approximately $1,177,000. Envestnet Asset Management Inc. boosted its stake in Keurig Dr Pepper by 13.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company's stock valued at $96,609,000 after acquiring an additional 339,530 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Keurig Dr Pepper by 656.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company's stock valued at $7,034,000 after acquiring an additional 178,368 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 0.6%

KDP stock traded down $0.18 during midday trading on Tuesday, reaching $28.91. 29,138,360 shares of the company's stock traded hands, compared to its average volume of 14,612,518. The company has a market capitalization of $39.27 billion, a P/E ratio of 25.81, a PEG ratio of 1.59 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a fifty-two week low of $28.60 and a fifty-two week high of $38.28. The business has a 50-day moving average price of $33.18 and a two-hundred day moving average price of $33.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results 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 analysts' expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business'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 company posted $0.45 earnings per share. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the company's stock in a transaction dated 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 sale, the director owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director De Ven Michael G. Van purchased 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was acquired at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at $498,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 459,601 shares of company stock worth $15,228,872 in the last ninety days. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KDP shares. Barclays raised their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a report on Monday, August 25th. HSBC reiterated a "hold" rating and issued a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. Finally, UBS Group dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.38.

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.