Keurig Dr Pepper, Inc $KDP Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Keurig Dr Pepper by 4.1%, owning approximately 0.10% of the company after acquiring 53,911 additional shares during the second quarter.
• Several hedge funds, including Vanguard Group and JPMorgan Chase & Co., significantly increased their positions in Keurig Dr Pepper, reflecting strong institutional interest with 93.99% of the company's stock owned by institutional investors.
• In its latest earnings report, Keurig Dr Pepper met analysts' expectations with $0.49 earnings per share and reported a 6.1% increase in year-over-year revenue, amounting to $4.16 billion.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,374,965 shares of the company's stock after buying an additional 53,911 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.10% of Keurig Dr Pepper worth $45,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after purchasing an additional 25,425,644 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Keurig Dr Pepper by 108.1% in the 1st quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after acquiring an additional 20,196,835 shares during the period. Invesco Ltd. grew its holdings in shares of Keurig Dr Pepper by 1.7% in the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock valued at $751,920,000 after purchasing an additional 367,518 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Keurig Dr Pepper by 0.8% in the first quarter. Northern Trust Corp now owns 13,712,677 shares of the company's stock valued at $469,248,000 after purchasing an additional 114,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Keurig Dr Pepper by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company's stock worth $351,927,000 after acquiring an additional 358,350 shares in 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, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value 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. This represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the company'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 completion of the sale, the director directly owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 447,601 shares of company stock valued at $14,825,192. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Down 0.9%

Shares of KDP stock opened at $26.25 on Thursday. The firm's 50 day moving average price is $31.27 and its two-hundred day moving average price is $32.89. Keurig Dr Pepper, Inc has a fifty-two week low of $25.92 and a fifty-two week high of $37.91. 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 stock has a market cap of $35.66 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.45 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. Keurig Dr Pepper's payout ratio is 82.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group lowered 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 report on Wednesday, August 27th. Barclays cut shares of Keurig Dr Pepper from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $39.00 to $26.00 in a report on Wednesday. Piper Sandler lowered 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. JPMorgan Chase & Co. lowered 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 report on Thursday, July 17th. Finally, Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $36.77.

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.

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