Keurig Dr Pepper, Inc $KDP Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in Keurig Dr Pepper by 90.5%, totaling $736,000 in stock holdings after selling over 205,000 shares in the first quarter.
• Analysts have adjusted their price targets for Keurig Dr Pepper, with Deutsche Bank lowering it from $40 to $38, while HSBC reduced their target from $42 to $30.
• Insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock for approximately $403,920, a transaction indicating a 12.7% decrease in her ownership.

Jump Financial LLC cut its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 90.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,518 shares of the company's stock after selling 205,221 shares during the period. Jump Financial LLC's holdings in Keurig Dr Pepper were worth $736,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. ST Germain D J Co. Inc. acquired a new position in shares of Keurig Dr Pepper in the first quarter valued at approximately $27,000. Continuum Advisory LLC boosted its holdings in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper during the 1st quarter worth $48,000. LRI Investments LLC boosted 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 purchasing an additional 605 shares during the period. Finally, Riverview Trust Co boosted 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 purchasing an additional 552 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. HSBC restated 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. UBS Group cut their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper Trading Down 0.6%

Shares of KDP traded down $0.18 on Tuesday, hitting $28.91. 29,138,360 shares of the stock traded hands, compared to its average volume of 14,612,518. 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 market capitalization of $39.27 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.59 and a beta of 0.47. The stock's 50 day moving average is $33.18 and its two-hundred day moving average is $33.56. Keurig Dr Pepper, Inc has a 1 year low of $28.60 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Insider Activity at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price 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 of the company's stock, valued at approximately $498,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 459,601 shares of company stock valued at $15,228,872. Company insiders own 1.00% of the company's stock.

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.