Gulf International Bank UK Ltd Reduces Position in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Keurig Dr Pepper, Inc by 11.4%, selling 9,388 shares, and now holds 72,837 shares valued at approximately $2.49 million.
• Several institutional investors have increased their holdings in Keurig Dr Pepper, including Vanguard Group which boosted its stake by 21.3%, acquiring an additional 25.4 million shares.
• Keurig Dr Pepper declared a quarterly dividend of $0.23 per share, with a dividend yield of 2.7%, and has a payout ratio of 82.14%.

Gulf International Bank UK Ltd lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,837 shares of the company's stock after selling 9,388 shares during the period. Gulf International Bank UK Ltd's holdings in Keurig Dr Pepper were worth $2,492,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KDP. Rockefeller Capital Management L.P. grew its stake in shares of Keurig Dr Pepper by 15.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,577 shares of the company's stock valued at $403,000 after buying an additional 1,707 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Keurig Dr Pepper by 2.1% in the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth about $251,000. Mariner LLC grew its position in shares of Keurig Dr Pepper by 13.9% during the 4th quarter. Mariner LLC now owns 91,192 shares of the company's stock valued at $2,929,000 after acquiring an additional 11,148 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Keurig Dr Pepper by 3.2% during the 4th quarter. Gabelli Funds LLC now owns 143,500 shares of the company's stock valued at $4,609,000 after acquiring an additional 4,500 shares during the period. Institutional investors own 93.99% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on KDP shares. JPMorgan Chase & Co. dropped their target price 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. UBS Group lowered their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. 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 research report on Monday, July 28th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.77.

Insider Buying and Selling

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00. Following the sale, the insider directly owned 118,511 shares in the company, valued at $3,901,382.12. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction 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 sale, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 672,000 shares of company stock worth $22,235,760 in the last ninety days. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.15 during midday trading on Friday, hitting $34.78. 6,246,850 shares of the company were exchanged, compared to its average volume of 9,794,757. The firm has a market capitalization of $47.25 billion, a P/E ratio of 31.05, a PEG ratio of 2.54 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The firm's 50 day moving average price is $33.50 and its two-hundred day moving average price is $33.54. Keurig Dr Pepper, Inc has a 52 week low of $30.12 and a 52 week high of $38.28.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

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.