Graham Capital Management L.P. Reduces Stock Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Graham Capital Management L.P. sold 10,968 shares of Keurig Dr Pepper, reducing its stake by 13.3%, holding 71,489 shares worth approximately $2.45 million.
• Other institutional investors, including Vanguard Group and JPMorgan Chase, have significantly increased their holdings in Keurig Dr Pepper, indicating a bullish sentiment.
• Keurig Dr Pepper has faced various analyst rating adjustments, with recent price targets ranging from $30 to $41, contributing to a consensus rating of "Moderate Buy."

Graham Capital Management L.P. trimmed its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 13.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,489 shares of the company's stock after selling 10,968 shares during the period. Graham Capital Management L.P.'s holdings in Keurig Dr Pepper were worth $2,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $27,000. WPG Advisers LLC bought a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $43,000. Continuum Advisory LLC increased its holdings in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $48,000. Finally, LRI Investments LLC increased its holdings in Keurig Dr Pepper by 65.6% during the 4th 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 institutional investors.

Wall Street Analyst Weigh In

KDP has been the subject of a number of recent research reports. HSBC reissued a "hold" rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft cut their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research note on Monday, August 25th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Finally, UBS Group cut their target price on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction that occurred 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 transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 459,601 shares of company stock worth $15,228,872. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded down $0.60 during trading on Friday, hitting $28.65. The stock had a trading volume of 21,094,736 shares, compared to its average volume of 18,428,686. Keurig Dr Pepper, Inc has a 1 year low of $28.58 and a 1 year high of $38.28. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average is $32.94 and its two-hundred day moving average is $33.48. The stock has a market cap of $38.92 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

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.