Itau Unibanco Holding S.A. Makes New $3.82 Million Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• Itau Unibanco Holding S.A. has acquired 111,751 shares of Keurig Dr Pepper, worth approximately $3.8 million, marking a significant investment in the beverage company.
• Major price targets for KDP have been adjusted by various analysts; for example, HSBC lowered its target from $42.00 to $30.00, while Deutsche Bank set a new price target at $38.00.
• Keurig Dr Pepper reported a 6.1% increase in revenue year-over-year with earnings per share (EPS) of $0.49 for the last quarter, aligning with analysts' expectations.

Itau Unibanco Holding S.A. bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 111,751 shares of the company's stock, valued at approximately $3,824,000.

Other institutional investors have also made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth approximately $27,000. Continuum Advisory LLC increased its holdings in shares of 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 last quarter. Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth approximately $48,000. LRI Investments LLC increased its holdings in shares of Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after acquiring an additional 605 shares during the last quarter. Finally, Riverview Trust Co increased its holdings in shares of Keurig Dr Pepper by 47.7% during the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after acquiring an additional 552 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction dated 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 transaction, the director owned 2,292,169 shares of the company's stock, valued at $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. Insiders sold a total of 459,601 shares of company stock valued at $15,228,872 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded down $0.31 on Tuesday, hitting $28.78. 12,345,749 shares of the company's stock were exchanged, compared to its average volume of 12,622,038. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a 12 month low of $28.60 and a 12 month high of $38.28. The stock has a market cap of $39.09 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47. The company has a 50 day moving average of $33.27 and a 200 day moving average of $33.59.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results 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 return on equity of 11.05% and a net margin of 9.75%.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 firm earned $0.45 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KDP shares. Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Tuesday, August 26th. HSBC restated a "hold" rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research report on Monday, August 25th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, Barclays upped their target price 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. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

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.