China Universal Asset Management Co. Ltd. Has $1.15 Million Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

China Universal Asset Management Co. Ltd. increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 51.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,510 shares of the company's stock after acquiring an additional 11,435 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Keurig Dr Pepper were worth $1,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KDP. Jones Financial Companies Lllp increased its holdings in Keurig Dr Pepper by 96.8% in the 4th quarter. Jones Financial Companies Lllp now owns 13,765 shares of the company's stock valued at $442,000 after buying an additional 6,769 shares during the period. Keybank National Association OH boosted its stake in shares of Keurig Dr Pepper by 27.5% in the 4th quarter. Keybank National Association OH now owns 14,911 shares of the company's stock valued at $479,000 after purchasing an additional 3,217 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Keurig Dr Pepper by 7.6% in the 4th quarter. Assetmark Inc. now owns 38,380 shares of the company's stock valued at $1,233,000 after purchasing an additional 2,706 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Keurig Dr Pepper by 0.9% in the 4th quarter. M&T Bank Corp now owns 75,620 shares of the company's stock valued at $2,429,000 after purchasing an additional 677 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $3,820,000. Institutional investors own 93.99% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $33.10, for a total transaction of $6,884,800.00. Following the completion of the sale, the director directly owned 2,638,490 shares of the company's stock, valued at approximately $87,334,019. This represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $33.64, for a total value of $403,680.00. Following the transaction, the insider directly owned 94,511 shares of the company's stock, valued at approximately $3,179,350.04. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 698,500 shares of company stock valued at $23,580,720 in the last quarter. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Down 1.1%

Shares of KDP stock traded down $0.38 on Wednesday, reaching $33.65. The company had a trading volume of 13,569,740 shares, compared to its average volume of 10,950,643. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The stock has a market cap of $45.70 billion, a PE ratio of 30.59, a PEG ratio of 2.62 and a beta of 0.47. The company has a 50-day moving average of $33.37 and a 200-day moving average of $33.12. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. During the same period in the prior year, the business posted $0.38 EPS. Keurig Dr Pepper's revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. Keurig Dr Pepper's payout ratio is 83.64%.

Analyst Ratings Changes

KDP has been the topic of several research reports. Barclays reduced their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, June 27th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.92.

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.