Integrity Alliance LLC. Purchases Shares of 11,396 Keurig Dr Pepper, Inc $KDP

Key Points

• Integrity Alliance LLC made a new investment in Keurig Dr Pepper, Inc totaling approximately $390,000 for 11,396 shares in the first quarter.
• Several large investors, including Vanguard Group Inc and JPMorgan Chase & Co, have significantly increased their stakes in Keurig Dr Pepper during the same period.
• Insider trading reports indicate that key executives sold 459,601 shares of the company's stock in the last three months, representing a total value of approximately $15.2 million.

Integrity Alliance LLC. purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,396 shares of the company's stock, valued at approximately $390,000.

Other large investors also recently bought and sold shares of the company. Amundi boosted its position in Keurig Dr Pepper by 7.7% during the first quarter. Amundi now owns 4,404,145 shares of the company's stock worth $156,920,000 after acquiring an additional 315,290 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Keurig Dr Pepper by 61.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company's stock valued at $2,075,000 after purchasing an additional 23,167 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in Keurig Dr Pepper by 51.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after buying an additional 11,435 shares during the period. Praxis Investment Management Inc. boosted its position in shares of Keurig Dr Pepper by 112.2% during the 1st quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock worth $672,000 after purchasing an additional 10,380 shares during the period. Finally, Vident Advisory LLC grew its stake in shares of Keurig Dr Pepper by 85.1% in the first quarter. Vident Advisory LLC now owns 26,641 shares of the company's stock valued at $912,000 after buying an additional 12,250 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm'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 directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the sale, the director owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 459,601 shares of company stock worth $15,228,872. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded up $0.15 during trading on Thursday, hitting $27.41. 4,054,684 shares of the company were exchanged, compared to its average volume of 13,421,945. Keurig Dr Pepper, Inc has a fifty-two week low of $26.58 and a fifty-two week 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 firm has a 50 day moving average price of $31.94 and a 200 day moving average price of $33.13. The stock has a market capitalization of $37.23 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.48 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting 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 firm had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. Keurig Dr Pepper's quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper's payout ratio is presently 82.14%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KDP. Deutsche Bank Aktiengesellschaft dropped 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. Piper Sandler lowered their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. UBS Group cut their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Finally, Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.77.

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.