Commerzbank Aktiengesellschaft FI Grows Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Commerzbank Aktiengesellschaft FI boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 34.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,944 shares of the company's stock after purchasing an additional 11,225 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Keurig Dr Pepper were worth $1,504,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KDP. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the first quarter worth about $27,000. New Age Alpha Advisors LLC raised its position 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 worth $28,000 after acquiring an additional 389 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper in the fourth quarter worth about $42,000. Continuum Advisory LLC raised its holdings in Keurig Dr Pepper by 82.5% during the 1st 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. Finally, Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper during the 1st quarter worth about $48,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research reports. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. UBS Group dropped their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Argus started coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.62.

Keurig Dr Pepper Stock Performance

KDP stock traded down $0.35 during trading hours on Friday, hitting $33.54. 7,623,961 shares of the stock were exchanged, compared to its average volume of 10,975,280. The company has a 50-day simple moving average of $33.25 and a two-hundred day simple moving average of $33.18. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28. The firm has a market capitalization of $45.55 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.61 and a beta of 0.47. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's payout ratio is presently 83.64%.

Insider Buying and Selling

In other news, 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 transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $33.10, for a total value of $6,884,800.00. Following the sale, the director 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 698,500 shares of company stock valued at $23,557,560. Insiders own 0.40% 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.