CHICAGO TRUST Co NA Purchases New Shares in Keurig Dr Pepper, Inc $KDP

Key Points

• CHICAGO TRUST Co NA acquired 10,000 shares of Keurig Dr Pepper, valued at approximately $331,000, during the 2nd quarter, amid a trend of other institutional investors adjusting their stakes in the company.
• Insider trading movements included Director Robert James Gamgort selling 208,000 shares for $6.84 million, reducing his stake by 8.32%.
• An analyst downgrade from Barclays lowered the price target for Keurig Dr Pepper from $39.00 to $26.00, contributing to a mixed outlook on the stock with a consensus rating of "Moderate Buy."

CHICAGO TRUST Co NA purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company's stock, valued at approximately $331,000.

Several other large investors have also added to or reduced their stakes in KDP. Rise Advisors LLC bought a new stake in Keurig Dr Pepper in the first quarter valued at $25,000. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper during the first quarter valued at $27,000. WPG Advisers LLC purchased a new position in Keurig Dr Pepper during the first quarter valued at $43,000. Continuum Advisory LLC lifted its position in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter worth about $48,000. Institutional investors own 93.99% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 447,601 shares of company stock worth $14,825,192 in the last three months. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lowered Keurig Dr Pepper from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $39.00 to $26.00 in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. HSBC reiterated a "hold" rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Citigroup cut 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, September 16th. Finally, UBS Group dropped their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.77.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $26.25 on Thursday. Keurig Dr Pepper, Inc has a 52 week low of $25.92 and a 52 week high of $37.91. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average is $31.27 and its two-hundred day moving average is $32.89. The company has a market capitalization of $35.66 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.45 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly 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. 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 in the prior year, the company earned $0.45 EPS. The business's revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

About Keurig Dr Pepper

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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