Keurig Dr Pepper, Inc $KDP Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Keurig Dr Pepper by 7.3%, owning approximately 9.9 million shares valued at $340 million as of the end of the first quarter.
• Several institutional investors significantly adjusted their positions in Keurig Dr Pepper, with Empowered Funds LLC increasing its stake by 248% and Woodline Partners LP raising theirs by 49.2% during the same period.
• Analyst ratings on Keurig Dr Pepper have varied, with target prices reduced by firms such as JPMorgan Chase and Deutsche Bank, yet the overall consensus remains a "Moderate Buy" with an average target price of $38.38.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,936,195 shares of the company's stock after buying an additional 675,238 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.73% of Keurig Dr Pepper worth $340,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Woodline Partners LP lifted its stake in shares of Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company's stock worth $3,452,000 after buying an additional 33,258 shares during the period. Empowered Funds LLC lifted its position in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock valued at $2,389,000 after purchasing an additional 49,741 shares during the period. Ascent Group LLC acquired a new position in Keurig Dr Pepper during the first quarter valued at $226,000. MBB Public Markets I LLC acquired a new position in Keurig Dr Pepper during the first quarter valued at $332,000. Finally, United Services Automobile Association lifted its position in Keurig Dr Pepper by 7.2% during the first quarter. United Services Automobile Association now owns 25,618 shares of the company's stock valued at $864,000 after purchasing an additional 1,729 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KDP shares. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. HSBC restated a "hold" rating and set a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Finally, UBS Group decreased their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.38.

Keurig Dr Pepper Trading Down 0.6%

Shares of Keurig Dr Pepper stock opened at $27.44 on Thursday. The firm has a 50-day simple moving average of $32.59 and a two-hundred day simple moving average of $33.36. The company has a market cap of $37.28 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 1.51 and a beta of 0.47. Keurig Dr Pepper, Inc has a fifty-two week low of $27.10 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion during 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 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, equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business'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 completion of the sale, the insider owned 82,511 shares of the company's stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert James Gamgort sold 208,000 shares of the business's 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 directly owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 459,601 shares of company stock valued at $15,228,872. Insiders own 0.40% of the company's stock.

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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