BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Keurig Dr Pepper, Inc by 5.8% during the first quarter, owning a total of 233,469 shares worth $7,987,000.
• Insider Mary Beth Denooyer sold 12,000 shares at an average price of $33.66, reducing her ownership by 12.70%.
• Despite recent adjustments to price targets by several analysts, the current consensus rating for Keurig Dr Pepper stock is a "Moderate Buy" with an average price target of $39.77.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 233,469 shares of the company's stock after acquiring an additional 12,742 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Keurig Dr Pepper were worth $7,987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $27,000. Continuum Advisory LLC increased its position in shares of Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC acquired a new stake in shares of Keurig Dr Pepper during the first quarter worth $48,000. LRI Investments LLC increased its position in shares of Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after buying an additional 605 shares during the period. Finally, Riverview Trust Co increased its position in shares of Keurig Dr Pepper by 47.7% during the first quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after buying an additional 552 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 1.4%

NASDAQ:KDP traded down $0.43 during trading hours on Thursday, reaching $29.29. The company had a trading volume of 21,955,438 shares, compared to its average volume of 12,570,265. 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 cap of $39.79 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.96 and a beta of 0.45. The business's 50-day simple moving average is $33.52 and its two-hundred day simple moving average is $33.61. Keurig Dr Pepper, Inc has a twelve month low of $28.70 and a twelve month high of $38.28.

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 for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the firm earned $0.45 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were 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 approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 679,601 shares of company stock valued at $22,508,712. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective 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. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, HSBC reiterated a "hold" rating and set a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.38.

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.