Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Keurig Dr Pepper, owning approximately $151.86 million, or 4,437,797 shares, after raising its position by 0.2% in Q1.
• Keurig Dr Pepper reported a net revenue of $4.16 billion for the last quarter, surpassing estimates, and achieved an EPS of $0.49, reflecting a year-over-year growth of 6.1%.
• The company announced a quarterly dividend of $0.23, equating to an annualized yield of 2.7%, with a payout ratio of 82.14% as of its last disclosure.

Deutsche Bank AG raised its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,437,797 shares of the company's stock after purchasing an additional 10,482 shares during the period. Deutsche Bank AG owned 0.33% of Keurig Dr Pepper worth $151,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KDP. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $27,000. Continuum Advisory LLC grew its stake in shares of 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 acquiring an additional 602 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $48,000. LRI Investments LLC grew its stake in shares of 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 acquiring an additional 605 shares during the last quarter. Finally, Riverview Trust Co grew its stake in shares of 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 acquiring an additional 552 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $498,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total value of $395,040.00. Following the transaction, the insider directly owned 118,511 shares of the company's stock, valued at $3,901,382.12. The trade was a 9.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 672,000 shares of company stock worth $22,235,760. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.19 during midday trading on Tuesday, reaching $34.81. 7,705,960 shares of the company's stock traded hands, compared to its average volume of 12,100,868. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a market cap of $47.29 billion, a P/E ratio of 31.08, a PEG ratio of 2.51 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a fifty day simple moving average of $33.34 and a two-hundred day simple moving average of $33.47.

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 analysts' consensus estimates 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 net margin of 9.75% and a return on equity of 11.05%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given 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 Analyst Weigh In

Several brokerages recently weighed in on KDP. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target on the stock. UBS Group cut their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of "Moderate Buy" and an average target price of $39.77.

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.