GAM Holding AG Has $7.40 Million Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

GAM Holding AG lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 15.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,367 shares of the company's stock after selling 39,642 shares during the period. GAM Holding AG's holdings in Keurig Dr Pepper were worth $7,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KDP. Vanguard Group Inc. lifted its position in shares of Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after buying an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after purchasing an additional 8,363,192 shares during the last quarter. Norges Bank acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $197,819,000. Finally, Wellington Management Group LLP lifted its position in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after purchasing an additional 5,646,179 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $39.71.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the insider now directly owns 154,511 shares in the company, valued at $5,499,046.49. This represents a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $33.96, for a total value of $7,063,680.00. Following the sale, the director now owns 3,054,490 shares in the company, valued at approximately $103,730,480.40. This trade represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 686,500 shares of company stock worth $23,190,720. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.37 during trading hours on Friday, hitting $33.58. The company had a trading volume of 17,753,779 shares, compared to its average volume of 10,881,712. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.58 and a beta of 0.48. The firm's fifty day moving average is $33.76 and its 200 day moving average is $33.09. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.86% and a net margin of 9.69%. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $0.38 EPS. The company's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.74%. Keurig Dr Pepper's dividend payout ratio is currently 83.64%.

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.