Lansforsakringar Fondforvaltning AB publ Raises Stock Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Lansforsakringar Fondforvaltning AB increased its stake in Keurig Dr Pepper, owning 385,551 shares, after buying an additional 16,224 shares, bringing their total holding value to approximately $13.19 million.
• Various hedge funds have also made significant movements in Keurig Dr Pepper's stock, with ST Germain D J Co. purchasing a new stake valued at around $27,000 and Continuum Advisory LLC increasing their holding by 82.5%.
• Wall Street analysts have mixed outlooks on Keurig Dr Pepper's stock, with twelve rating it as a buy and a consensus price target of $38.38, despite some price target reductions from firms like HSBC and UBS Group.

Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 385,551 shares of the company's stock after purchasing an additional 16,224 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Keurig Dr Pepper were worth $13,194,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. lifted its stake in shares of Keurig Dr Pepper by 51.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock valued at $1,154,000 after acquiring an additional 11,435 shares during the last quarter. Praxis Investment Management Inc. raised its holdings in Keurig Dr Pepper by 112.2% during the 1st quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock valued at $672,000 after buying an additional 10,380 shares during the last quarter. Aspire Private Capital LLC purchased a new stake in Keurig Dr Pepper during the 1st quarter valued at $1,177,000. Envestnet Asset Management Inc. grew its holdings in Keurig Dr Pepper by 13.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company's stock worth $96,609,000 after acquiring an additional 339,530 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 656.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company's stock valued at $7,034,000 after acquiring an additional 178,368 shares during the period. 93.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped 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 research report on Thursday, July 17th. Hsbc Global Res downgraded Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a report on Monday, August 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a report on Tuesday, August 26th. Finally, UBS Group reduced their target price on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $38.38.

Keurig Dr Pepper Trading Down 0.6%

Shares of Keurig Dr Pepper stock traded down $0.18 on Tuesday, reaching $28.91. The company had a trading volume of 29,138,360 shares, compared to its average volume of 12,728,146. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The firm's 50-day moving average price is $33.27 and its two-hundred day moving average price is $33.59. The firm 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. Keurig Dr Pepper, Inc has a 1 year low of $28.60 and a 1 year 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, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director De Ven Michael G. Van purchased 15,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was purchased 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 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 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 trade represents a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 459,601 shares of company stock worth $15,228,872 in the last three months. Corporate insiders own 1.00% of the company's stock.

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.