Guggenheim Capital LLC Reduces Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Guggenheim Capital LLC has reduced its stake in Keurig Dr Pepper, Inc by 15.8%, selling 79,872 shares, and now holds 426,955 shares valued at approximately $14.61 million.
• Insider trading activity includes Director De Ven Michael G. Van purchasing 15,000 shares for $498,000 while insider Mary Beth Denooyer sold 12,000 shares valued at $403,920, reflecting significant shifts in ownership.
• Keurig Dr Pepper reported a net revenue of $4.16 billion for the last quarter, exceeding analysts' expectations, and has a current P/E ratio of 26.54.

Guggenheim Capital LLC lessened its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 15.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 426,955 shares of the company's stock after selling 79,872 shares during the quarter. Guggenheim Capital LLC's holdings in Keurig Dr Pepper were worth $14,610,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KDP. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth about $27,000. Continuum Advisory LLC lifted 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 valued at $46,000 after buying 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 valued at about $48,000. LRI Investments LLC lifted 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 valued at $49,000 after buying an additional 605 shares in the last quarter. Finally, Riverview Trust Co lifted its holdings in Keurig Dr Pepper by 47.7% during 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. Institutional investors own 93.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KDP. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. HSBC reiterated a "hold" rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Barclays boosted their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.38.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the transaction, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director De Ven Michael G. Van acquired 15,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average cost of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 471,601 shares of company stock valued at $15,623,912 in the last 90 days. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Down 0.7%

Shares of Keurig Dr Pepper stock traded down $0.20 on Monday, reaching $29.09. The stock had a trading volume of 22,200,454 shares, compared to its average volume of 15,077,602. The company has a 50 day moving average price of $33.36 and a 200 day moving average price of $33.61. 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 1 year low of $28.70 and a 1 year high of $38.28. The stock has a market capitalization of $39.52 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.59 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast 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.