Infusive Asset Management Inc. Sells 50,943 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Infusive Asset Management Inc. reduced its stake in Keurig Dr Pepper by 55.2%, owning 41,292 shares worth approximately $1.41 million following the sale of 50,943 shares in the first quarter.
• The company had a net margin of 9.75% and reported revenue of $4.16 billion for the last quarter, surpassing analysts' expectations of $4.14 billion.
• Analysts have recently adjusted price targets for KDP, with projections ranging from $30 to $39, and the stock currently holds an average rating of "Moderate Buy."

Infusive Asset Management Inc. lessened its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 55.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,292 shares of the company's stock after selling 50,943 shares during the period. Infusive Asset Management Inc.'s holdings in Keurig Dr Pepper were worth $1,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tudor Investment Corp ET AL grew its holdings in shares of Keurig Dr Pepper by 10.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 17,362 shares of the company's stock worth $558,000 after acquiring an additional 1,597 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Keurig Dr Pepper by 5.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,157,427 shares of the company's stock worth $69,295,000 after acquiring an additional 120,793 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Keurig Dr Pepper by 2.9% in the 4th quarter. Benjamin Edwards Inc. now owns 17,218 shares of the company's stock worth $553,000 after acquiring an additional 493 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Keurig Dr Pepper in the 4th quarter worth $77,000. Finally, Captrust Financial Advisors grew its holdings in shares of Keurig Dr Pepper by 26.4% during the fourth quarter. Captrust Financial Advisors now owns 69,463 shares of the company's stock valued at $2,231,000 after buying an additional 14,522 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Insider Activity

In related news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. This 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 this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 459,601 shares of company stock valued at $15,228,872. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KDP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a report on Monday, August 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. Finally, HSBC reissued a "hold" rating and set a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.38.

Keurig Dr Pepper Stock Down 2.1%

Shares of KDP traded down $0.60 during trading hours on Friday, hitting $28.65. 21,094,736 shares of the company were exchanged, compared to its average volume of 19,150,458. The company has a market cap of $38.92 billion, a PE ratio of 25.58, a PEG ratio of 1.57 and a beta of 0.47. The firm's 50 day moving average is $32.94 and its 200-day moving average is $33.49. Keurig Dr Pepper, Inc has a 52 week low of $28.58 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

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