Keurig Dr Pepper, Inc (NASDAQ:KDP) Position Increased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. significantly increased its stake in Keurig Dr Pepper, Inc. by 108.1%, purchasing over 20 million shares, bringing its total ownership to approximately $1.33 billion.
• Institutional investors dominate Keurig Dr Pepper's ownership, holding 93.99% of the stock, with Vanguard Group and Price T Rowe Associates also increasing their stakes.
• After recent analyst evaluations, Keurig Dr Pepper's consensus rating stands at "Moderate Buy" with a price target averaging $39.77, indicating positive market expectations.

JPMorgan Chase & Co. increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 108.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,882,672 shares of the company's stock after purchasing an additional 20,196,835 shares during the period. JPMorgan Chase & Co. owned approximately 2.86% of Keurig Dr Pepper worth $1,330,565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KDP. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $27,000. Continuum Advisory LLC raised its stake 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 bought a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $48,000. LRI Investments LLC raised its stake in 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 period. Finally, Riverview Trust Co raised its stake in 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 period. Institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Argus assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. UBS Group dropped their price objective 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 reiterated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded up $0.19 on Tuesday, reaching $34.81. 7,705,961 shares of the stock traded hands, compared to its average volume of 10,111,649. The firm's fifty day simple moving average is $33.34 and its 200 day simple moving average is $33.47. 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 company has a market cap of $47.29 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.52 and a beta of 0.45. Keurig Dr Pepper, Inc has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on 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 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 legal filing with the SEC, which is available through this link. Also, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, June 4th. The shares were bought at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 672,000 shares of company stock valued at $22,235,760 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.