19,174 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $656,000 in Keurig Dr Pepper, acquiring 19,174 shares during the first quarter.
• Institutional ownership of Keurig Dr Pepper is at 93.99%, with firms like Vanguard and JPMorgan significantly increasing their stakes.
• Keurig Dr Pepper's stock ratings have fluctuated, with eleven analysts$38.38.

Caxton Associates LLP acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,174 shares of the company's stock, valued at approximately $656,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. Vanguard Group Inc. grew its holdings in Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after acquiring an additional 25,425,644 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Keurig Dr Pepper by 108.1% during the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock worth $1,330,565,000 after purchasing an additional 20,196,835 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Keurig Dr Pepper by 981.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company's stock worth $86,050,000 after purchasing an additional 2,282,050 shares during the period. Seven Grand Managers LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at about $51,330,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Keurig Dr Pepper by 15.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,260,957 shares of the company's stock valued at $297,462,000 after purchasing an additional 1,258,062 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the business'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 value of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 459,601 shares of company stock worth $15,228,872. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. UBS Group reduced their price target 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 issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Citigroup dropped their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Barclays boosted 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. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target of $38.15.

Keurig Dr Pepper Price Performance

KDP traded up $0.43 during trading on Wednesday, reaching $27.39. The stock had a trading volume of 5,732,876 shares, compared to its average volume of 13,368,866. The stock has a 50 day moving average of $32.06 and a two-hundred day moving average of $33.17. Keurig Dr Pepper, Inc has a 1-year low of $26.58 and a 1-year high of $38.28. The firm has a market capitalization of $37.20 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.46 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (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 return on equity of 11.05% and a net margin of 9.75%.The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.23 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper's payout ratio is 82.14%.

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.