Czech National Bank Has $10.98 Million Position in Keurig Dr Pepper, Inc $KDP

Key Points

• The Czech National Bank increased its stake in Keurig Dr Pepper, Inc by 21.1% during the second quarter, purchasing an additional 57,761 shares to bring its total ownership to 331,990 shares.
• Analysts have mixed views on the stock, with HSBC downgrading it to a "hold" rating while others, including Citigroup and UBS, have set new price targets ranging from $35.00 to $39.00.
• Keurig Dr Pepper recently announced a quarterly dividend of $0.23 per share, reflecting a 3.4% yield, with a payout ratio of 82.14%.

Czech National Bank increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,990 shares of the company's stock after purchasing an additional 57,761 shares during the quarter. Czech National Bank's holdings in Keurig Dr Pepper were worth $10,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi grew its position in shares of Keurig Dr Pepper by 7.7% during the 1st quarter. Amundi now owns 4,404,145 shares of the company's stock worth $156,920,000 after buying an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Keurig Dr Pepper by 61.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company's stock worth $2,075,000 after buying an additional 23,167 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in Keurig Dr Pepper by 51.8% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after acquiring an additional 11,435 shares during the period. Praxis Investment Management Inc. grew its holdings in Keurig Dr Pepper by 112.2% during the 1st quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock worth $672,000 after acquiring an additional 10,380 shares during the period. Finally, Vident Advisory LLC grew its holdings in Keurig Dr Pepper by 85.1% during the 1st quarter. Vident Advisory LLC now owns 26,641 shares of the company's stock worth $912,000 after acquiring an additional 12,250 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KDP shares. Citigroup lowered their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. Hsbc Global Res lowered Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Finally, HSBC restated a "hold" rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.77.

Keurig Dr Pepper Stock Down 0.2%

NASDAQ KDP traded down $0.06 on Thursday, reaching $27.20. The company had a trading volume of 12,359,804 shares, compared to its average volume of 25,237,798. The firm has a market capitalization of $36.95 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a 1-year low of $26.58 and a 1-year high of $38.28. The company's fifty day moving average is $31.81 and its 200-day moving average is $33.08.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.Keurig Dr Pepper's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 459,601 shares of company stock valued at $15,228,872 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

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.