Aberdeen Group plc Sells 95,195 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Aberdeen Group plc reduced its stake in Keurig Dr Pepper, Inc. by 6.4%, now holding approximately 1.38 million shares valued at $47.05 million.
• Other major stakeholders like Vanguard Group Inc. and JPMorgan Chase & Co. have significantly increased their holdings, with Vanguard raising its stake by 21.3% and JPMorgan by 108.1% during the same period.
• Keurig Dr Pepper recently announced a quarterly dividend of $0.23, representing an annual yield of 2.6%, and reported a revenue of $4.16 billion for the last quarter, exceeding analyst expectations.

Aberdeen Group plc trimmed its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,382,930 shares of the company's stock after selling 95,195 shares during the period. Aberdeen Group plc owned 0.10% of Keurig Dr Pepper worth $47,054,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in shares of Keurig Dr Pepper by 15.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,577 shares of the company's stock worth $403,000 after purchasing an additional 1,707 shares during the period. Townsquare Capital LLC grew its position in shares of Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after buying an additional 327 shares during the period. Mariner LLC increased its stake in shares of Keurig Dr Pepper by 13.9% in the 4th quarter. Mariner LLC now owns 91,192 shares of the company's stock valued at $2,929,000 after acquiring an additional 11,148 shares during the last quarter. Gabelli Funds LLC boosted its stake in Keurig Dr Pepper by 3.2% during the 4th quarter. Gabelli Funds LLC now owns 143,500 shares of the company's stock worth $4,609,000 after acquiring an additional 4,500 shares during the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in Keurig Dr Pepper by 16.8% in the fourth quarter. United Capital Financial Advisors LLC now owns 15,956 shares of the company's stock valued at $512,000 after purchasing an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00. Following the completion of the sale, the insider owned 118,511 shares of the company's stock, valued at approximately $3,901,382.12. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director De Ven Michael G. Van purchased 15,000 shares of the company's stock in a transaction dated 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 transaction, the director owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 672,000 shares of company stock worth $22,235,760 in the last three months. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.0550 during trading hours on Thursday, hitting $35.1250. 2,066,789 shares of the company were exchanged, compared to its average volume of 11,840,180. 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 capitalization of $47.72 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 2.57 and a beta of 0.45. The firm has a fifty day simple moving average of $33.63 and a 200 day simple moving average of $33.59. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week 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 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 revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on 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. Finally, Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.77.

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.