Keurig Dr Pepper, Inc $KDP Shares Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Keurig Dr Pepper, Inc by 13.8% in the second quarter, owning a total of 185,646 shares valued at approximately $6.14 million.
• Insider trading activity includes Director Robert James Gamgort selling 7,601 shares for about $272,951, decreasing his position by 0.33%.
• Analysts have mixed ratings on Keurig Dr Pepper, with Citigroup lowering its price target from $41.00 to $37.00, while the stock has a current average rating of "Hold" with a consensus target price of $35.14.

ASR Vermogensbeheer N.V. lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,646 shares of the company's stock after buying an additional 22,483 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Keurig Dr Pepper were worth $6,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of Keurig Dr Pepper in the first quarter valued at approximately $25,000. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper during the 1st quarter worth $27,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper in the 1st quarter worth $43,000. Continuum Advisory LLC lifted its stake 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 worth $46,000 after acquiring an additional 602 shares during the period. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper in the first quarter valued at about $48,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $403,920.00. Following the transaction, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,601 shares of company stock worth $14,421,512. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KDP. Citigroup reduced their price objective on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Cowen reaffirmed a "hold" rating on shares of Keurig Dr Pepper in a report on Wednesday. BNP Paribas lowered shares of Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $35.14.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $25.74 on Friday. The firm has a market capitalization of $34.97 billion, a PE ratio of 22.98, a P/E/G ratio of 1.41 and a beta of 0.43. Keurig Dr Pepper, Inc has a 52 week low of $25.27 and a 52 week high of $37.27. The firm's 50-day simple moving average is $30.31 and its 200 day simple moving average is $32.58. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the firm posted $0.45 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities 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 will be paid on Friday, October 10th. Investors 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 is Friday, September 26th. Keurig Dr Pepper's payout ratio is currently 82.14%.

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.

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