LGT Fund Management Co Ltd. Invests $656,000 in Keurig Dr Pepper, Inc $KDP

Key Points

• LGT Fund Management Co Ltd. has invested approximately $656,000 in Keurig Dr Pepper, Inc by acquiring 19,830 shares during the 2nd quarter.
• Insider trades indicate that significant executives, including Mary Beth Denooyer and Robert James Gamgort, have sold substantial shares, totaling over $14 million in the past 90 days.
• Keurig Dr Pepper recently announced a quarterly dividend of $0.23 per share, reflecting an annualized dividend yield of 3.6%.

LGT Fund Management Co Ltd. bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,830 shares of the company's stock, valued at approximately $656,000.

Several other large investors also recently modified their holdings of KDP. Rise Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth $25,000. WPG Advisers LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth $43,000. Continuum Advisory LLC grew its holdings in shares of Keurig Dr Pepper by 82.5% during the 1st 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 acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth $48,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth $68,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the firm's 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 $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 435,601 shares of company stock valued at $14,421,512 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $25.84 on Friday. The business's 50-day moving average price is $30.16 and its 200-day moving average price is $32.52. Keurig Dr Pepper, Inc has a 12 month low of $25.27 and a 12 month high of $37.27. The firm has a market capitalization of $35.10 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.42 and a beta of 0.43. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

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

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper's dividend payout ratio (DPR) is 82.14%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BNP Paribas Exane lowered Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a report on Monday, September 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Saturday, September 27th. Wells Fargo & Company reduced their price target on shares of Keurig Dr Pepper from $40.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Piper Sandler decreased their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, September 17th. Finally, UBS Group decreased their price target on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of "Hold" and an average target price of $35.14.

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.

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