First Hawaiian Bank Buys 17,884 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• First Hawaiian Bank increased its stake in Keurig Dr Pepper by 229.6%, purchasing an additional 17,884 shares, bringing its total holdings to 25,673 shares valued at $879,000.
• Keurig Dr Pepper reported a revenue of $4.16 billion for the last quarter, exceeding analyst expectations and showing a year-over-year growth of 6.1%.
• Insider trading activity saw significant sales, with two executives selling a total of 220,000 shares recently, indicating potential shifts in insider sentiment toward the stock.

First Hawaiian Bank lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 229.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,673 shares of the company's stock after purchasing an additional 17,884 shares during the quarter. First Hawaiian Bank's holdings in Keurig Dr Pepper were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Commerce Bank lifted its holdings in shares of Keurig Dr Pepper by 1.6% during the first quarter. Commerce Bank now owns 21,513 shares of the company's stock valued at $736,000 after purchasing an additional 340 shares in the last quarter. First American Bank lifted its stake in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after acquiring an additional 344 shares during the period. Allworth Financial LP boosted its holdings in shares of Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock valued at $353,000 after acquiring an additional 371 shares during the last quarter. Citadel Investment Advisory Inc. grew its stake in shares of Keurig Dr Pepper by 6.6% in the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock worth $221,000 after acquiring an additional 400 shares during the period. Finally, Hartford Funds Management Co LLC raised its holdings in shares of Keurig Dr Pepper by 1.2% during the first quarter. Hartford Funds Management Co LLC now owns 34,497 shares of the company's stock valued at $1,180,000 after purchasing an additional 413 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $27.23 on Friday. Keurig Dr Pepper, Inc has a one year low of $27.01 and a one year high of $38.28. The stock's fifty day moving average is $32.35 and its 200 day moving average is $33.26. The stock has a market cap of $36.99 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.51 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 (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same period last year, the firm earned $0.45 EPS. Keurig Dr Pepper's revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. HSBC reiterated a "hold" rating and set a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Monday, August 25th. UBS Group decreased their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Finally, Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the sale, the director directly owned 2,292,169 shares in the company, 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. Over the last ninety days, insiders sold 459,601 shares of company stock worth $15,228,872. 0.40% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.