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

China Universal Asset Management Co. Ltd. boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,510 shares of the company's stock after purchasing an additional 11,435 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Keurig Dr Pepper were worth $1,154,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper in the first quarter valued at approximately $27,000. New Age Alpha Advisors LLC raised its stake in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Continuum Advisory LLC raised its stake in Keurig Dr Pepper by 82.5% in 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 bought a new stake in Keurig Dr Pepper in the first quarter valued at approximately $48,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction 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 owned 94,511 shares in the company, valued at approximately $3,179,350.04. This trade represents a 11.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total value of $7,096,960.00. Following the completion of the transaction, the director owned 2,846,490 shares in the company, valued at approximately $97,122,238.80. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 698,500 shares of company stock worth $23,580,720. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded down $0.16 during trading hours on Friday, reaching $33.49. 7,866,704 shares of the company were exchanged, compared to its average volume of 10,965,669. The company has a market capitalization of $45.49 billion, a P/E ratio of 30.45, a P/E/G ratio of 2.59 and a beta of 0.47. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.31. The business has a 50 day moving average of $33.33 and a 200 day moving average of $33.14.

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

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.75%. Keurig Dr Pepper's payout ratio is 83.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Barclays lowered their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Argus assumed coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.92.

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.