Keurig Dr Pepper, Inc $KDP Shares Acquired by Lbp Am Sa

Key Points

• Lbp Am Sa substantially increased its holdings in Keurig Dr Pepper by 1,772.6% in Q2, acquiring 519,851 additional shares, now totaling 549,178 shares valued at approximately $18.16 million.
• Following corporate insider transactions, including the sale of shares by Director Robert James Gamgort and insider Mary Beth Denooyer, insiders have sold a total of 435,601 shares valued at over $14.4 million in the last ninety days.
• Recent analyst ratings downgraded Keurig Dr Pepper's stock targets, with Citigroup lowering its price target from $41.00 to $37.00, while Barclays cut its target from $39.00 to $26.00, reflecting caution among investment firms.

Lbp Am Sa lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 1,772.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 549,178 shares of the company's stock after buying an additional 519,851 shares during the period. Lbp Am Sa's holdings in Keurig Dr Pepper were worth $18,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Keurig Dr Pepper by 10.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,532 shares of the company's stock valued at $820,000 after purchasing an additional 2,355 shares during the last quarter. GAMMA Investing LLC increased its holdings in Keurig Dr Pepper by 4,117.4% in the 1st quarter. GAMMA Investing LLC now owns 340,934 shares of the company's stock valued at $11,667,000 after purchasing an additional 332,850 shares during the last quarter. Parallel Advisors LLC increased its holdings in Keurig Dr Pepper by 9.5% in the 1st quarter. Parallel Advisors LLC now owns 15,559 shares of the company's stock valued at $532,000 after purchasing an additional 1,345 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Keurig Dr Pepper by 8.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 8,795 shares of the company's stock valued at $301,000 after purchasing an additional 701 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Keurig Dr Pepper by 12.3% in the 1st quarter. Rhumbline Advisers now owns 2,356,047 shares of the company's stock valued at $80,624,000 after purchasing an additional 257,269 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 7,601 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction on Thursday, July 17th. The shares were 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 approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 435,601 shares of company stock valued at $14,421,512. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

KDP has been the subject of several research reports. Citigroup dropped their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday, September 16th. Piper Sandler dropped their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Barclays downgraded shares of Keurig Dr Pepper from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $39.00 to $26.00 in a report on Wednesday, September 24th. JPMorgan Chase & Co. dropped 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. Finally, Deutsche Bank Aktiengesellschaft dropped 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 research note on Tuesday, August 26th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target of $36.23.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $25.51 on Wednesday. The stock has a market cap of $34.65 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.47. The company has a fifty day simple moving average of $30.63 and a 200-day simple moving average of $32.68. Keurig Dr Pepper, Inc has a 12-month low of $25.34 and a 12-month high of $37.72. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. Equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 26th. Keurig Dr Pepper's payout ratio is 82.14%.

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.

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