Keurig Dr Pepper, Inc $KDP Shares Sold by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec has significantly reduced its stake in Keurig Dr Pepper, Inc. by selling 441,900 shares, representing a 75.1% decrease in ownership during the first quarter.
• Multiple institutional investors have also engaged in transactions involving Keurig Dr Pepper, with 93.99% of the company's stock now held by institutions.
• Analysts remain optimistic about Keurig Dr Pepper's future, with an average rating of "Moderate Buy" and a price target of $38.38, despite some recent downgrades from various brokerages.

Federation des caisses Desjardins du Quebec lessened its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 75.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,890 shares of the company's stock after selling 441,900 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Keurig Dr Pepper were worth $5,026,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of KDP. ST Germain D J Co. Inc. purchased a new position in shares of Keurig Dr Pepper in the first quarter valued at $27,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper in the first quarter worth approximately $43,000. Continuum Advisory LLC boosted 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 valued at $46,000 after purchasing an additional 602 shares during the period. Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper in the 1st quarter valued at about $48,000. Finally, LRI Investments LLC grew its stake in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after purchasing an additional 605 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper 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 completion of the sale, the director owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm'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 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. Over the last 90 days, insiders sold 459,601 shares of company stock valued at $15,228,872. Company insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock traded down $0.02 during midday trading on Tuesday, hitting $27.61. The company had a trading volume of 18,606,171 shares, compared to its average volume of 13,181,287. The company has a fifty day simple moving average of $32.83 and a 200 day simple moving average of $33.45. The stock has a market cap of $37.51 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.57 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 12-month low of $27.24 and a 12-month high of $38.28.

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, meeting analysts' consensus estimates of $0.49. The firm 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 business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KDP has been the subject of several recent research reports. 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. Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a research report on Monday, August 25th. Barclays raised 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. Finally, Hsbc Global Res downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

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.