Erste Asset Management GmbH Decreases Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• Erste Asset Management GmbH has reduced its holdings in Keurig Dr Pepper, Inc by 62.1%, selling 100,630 shares to hold 61,470 shares valued at approximately $2,074,000.
• Several institutional investors have adjusted their positions in Keurig Dr Pepper, with 93.99% of the stock now owned by hedge funds and other institutional investors.
• A mix of analysts has given Keurig Dr Pepper a consensus rating of "Moderate Buy" with a target price of approximately $39.77, despite some recent price target reductions.

Erste Asset Management GmbH trimmed its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 62.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,470 shares of the company's stock after selling 100,630 shares during the quarter. Erste Asset Management GmbH's holdings in Keurig Dr Pepper were worth $2,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth about $27,000. Continuum Advisory LLC lifted its holdings in shares of 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 purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $48,000. LRI Investments LLC lifted its stake in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after buying an additional 605 shares in the last quarter. Finally, Riverview Trust Co lifted its stake in Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock valued at $59,000 after buying an additional 552 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KDP. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Barclays upped their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. UBS Group reduced their target price 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. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $35.20 on Friday. The business's 50-day moving average price is $33.67 and its 200 day moving average price is $33.61. Keurig Dr Pepper, Inc has a twelve month low of $30.12 and a twelve month high of $38.28. The company has a market capitalization of $47.82 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 2.57 and a beta of 0.45. 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 announced 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 business had revenue of $4.16 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.45 EPS. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director De Ven Michael G. Van purchased 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at approximately $498,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 672,000 shares of company stock valued at $22,235,760 over the last quarter. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Company 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.

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