AQR Capital Management LLC Purchases 490,277 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• AQR Capital Management LLC increased its holdings in Keurig Dr Pepper, Inc by 39.4%, owning approximately 1.7 million shares worth $59.4 million at the end of the first quarter.
• Insider transactions included the sale of 19,601 shares by insiders, with a total value of around $676,871, indicating potential shifts in insider confidence.
• Keurig Dr Pepper has seen mixed analyst ratings, with a consensus rating of "Moderate Buy" and a target price averaging $38.38, reflecting recent rating adjustments from multiple firms.

AQR Capital Management LLC raised its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 39.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,735,674 shares of the company's stock after buying an additional 490,277 shares during the quarter. AQR Capital Management LLC owned about 0.13% of Keurig Dr Pepper worth $59,395,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $27,000. WPG Advisers LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $43,000. Continuum Advisory LLC boosted 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 valued at $46,000 after purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter valued at approximately $48,000. Finally, LRI Investments LLC boosted 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 valued at $49,000 after purchasing an additional 605 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the 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 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 ninety days, insiders have sold 459,601 shares of company stock worth $15,228,872. Corporate insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded down $1.02 during midday trading on Monday, reaching $27.63. 34,799,511 shares of the company's stock traded hands, compared to its average volume of 19,150,458. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.57 and a beta of 0.47. 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, Inc has a one year low of $27.24 and a one year high of $38.28. The stock has a 50 day moving average of $32.83 and a 200 day moving average of $33.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company 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 fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday, August 26th. UBS Group dropped their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 27th. Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a report on Monday, August 25th. Eleven 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 company currently has an average rating of "Moderate Buy" and an average price target of $38.38.

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.