Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Acquired by Citigroup Inc.

Key Points

• Citigroup Inc. increased its ownership in Keurig Dr Pepper, Inc. by 107.6%, acquiring an additional 1,019,079 shares during the first quarter, bringing its total to approximately 1,965,894 shares valued at $67.3 million.
• Research analysts are optimistic about Keurig Dr Pepper, with a consensus rating of "Moderate Buy" and a price target averaging $39.77, according to recent reports from several investment firms including HSBC and Barclays.
• The company reported $4.16 billion in revenue for the last quarter, up 6.1% year-over-year, with earnings per share meeting analyst expectations at $0.49.

Citigroup Inc. raised its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 107.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,965,894 shares of the company's stock after buying an additional 1,019,079 shares during the period. Citigroup Inc. owned about 0.14% of Keurig Dr Pepper worth $67,273,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper during the first quarter worth $27,000. Continuum Advisory LLC lifted its holdings in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper during the first quarter worth $48,000. LRI Investments LLC lifted its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after buying an additional 605 shares during the period. Finally, Riverview Trust Co lifted its holdings in Keurig Dr Pepper by 47.7% during the first quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after buying an additional 552 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Up 0.5%

KDP stock traded up $0.19 during trading on Tuesday, hitting $34.81. 7,705,961 shares of the company's stock were exchanged, compared to its average volume of 10,111,649. The business has a 50-day moving average price of $33.34 and a two-hundred day moving average price of $33.47. The stock has a market capitalization of $47.29 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.52 and a beta of 0.45. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

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, meeting analysts' consensus estimates of $0.49. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. Keurig Dr Pepper's dividend payout ratio is currently 82.14%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KDP shares. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Argus began coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. Barclays increased their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.77.

Insider Buying and Selling

In other news, Director De Ven Michael G. Van acquired 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was bought at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director owned 15,000 shares in the company, valued at $498,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 672,000 shares of company stock worth $22,235,760 in the last 90 days. Company insiders own 1.00% of the company's stock.

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.