Hsbc Holdings PLC Buys 682,630 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• HSBC Holdings PLC increased its stake in Keurig Dr Pepper by 29.5%, owning nearly 3 million shares worth over $102 million by the end of the first quarter.
• Analysts have rated Keurig Dr Pepper stock as a Moderate Buy, with a consensus price target of $39.77, indicating positive expectations for future performance.
• Insider trading activity included significant sales by Director Robert James Gamgort, who sold 208,000 shares for approximately $6.84 million, while another director increased their holdings.

Hsbc Holdings PLC boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 29.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,996,377 shares of the company's stock after purchasing an additional 682,630 shares during the quarter. Hsbc Holdings PLC owned approximately 0.22% of Keurig Dr Pepper worth $102,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. purchased a new stake in shares of Keurig Dr Pepper in the first quarter worth about $27,000. 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 acquiring an additional 602 shares during the period. Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $48,000. LRI Investments LLC lifted its stake in Keurig Dr Pepper by 65.6% in 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. Finally, Riverview Trust Co boosted its holdings in Keurig Dr Pepper by 47.7% in the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock valued at $59,000 after purchasing an additional 552 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KDP shares. UBS Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. cut their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.77.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.07 during trading on Friday, hitting $35.13. 5,121,713 shares of the stock traded hands, compared to its average volume of 8,519,518. The stock has a market cap of $47.72 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.56 and a beta of 0.45. 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 52 week low of $30.12 and a 52 week high of $38.28. The firm's fifty day moving average is $33.71 and its 200-day moving average is $33.65.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share 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 during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company posted $0.45 EPS. Keurig Dr Pepper's quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the transaction, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total transaction of $403,920.00. Following the sale, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 679,601 shares of company stock worth $22,508,712. 0.40% of the stock is currently 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.