Ieq Capital LLC Raises Stock Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Ieq Capital LLC increased its shares in Keurig Dr Pepper by 33.1%, bringing their total holdings to 88,214 shares valued at approximately $3 million.
• Several institutional investors, including Caisse DE Depot ET Placement DU Quebec and Kayne Anderson Rudnick Investment Management, significantly boosted their stakes, with the latter increasing by 25.9%.
• Keurig Dr Pepper's stock has recently traded around $29.09, reflecting a slight decline of 0.7%, while analysts maintain a consensus rating of "Moderate Buy" with a target price of approximately $38.38.

Ieq Capital LLC grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 33.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 88,214 shares of the company's stock after buying an additional 21,955 shares during the period. Ieq Capital LLC's holdings in Keurig Dr Pepper were worth $3,019,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new position in Keurig Dr Pepper during the first quarter worth about $27,000. Continuum Advisory LLC raised its holdings in 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 purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Keurig Dr Pepper during the first quarter worth about $48,000. LRI Investments LLC raised its holdings in 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 purchasing an additional 605 shares in the last quarter. Finally, Riverview Trust Co raised its holdings in 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 purchasing an additional 552 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

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 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 transaction, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their position. 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.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded down $0.18 during trading hours on Tuesday, hitting $28.91. The company's stock had a trading volume of 29,138,360 shares, compared to its average volume of 14,612,518. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The stock has a market cap of $39.27 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.59 and a beta of 0.47. The business has a fifty day moving average of $33.18 and a 200-day moving average of $33.56. Keurig Dr Pepper, Inc has a twelve month low of $28.60 and a twelve month 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, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

KDP has been the subject of several analyst reports. Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a 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. 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, JPMorgan Chase & Co. lowered their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, July 17th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.38.

Keurig Dr Pepper Company 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.