MBB Public Markets I LLC Makes New Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• MBB Public Markets I LLC purchased a new stake in Keurig Dr Pepper, acquiring 9,702 shares valued at approximately $332,000.
• Multiple institutional investors have increased their holdings in Keurig Dr Pepper, with hedge funds owning 93.99% of the company's stock.
• Insider trading was noted, with Mary Beth Denooyer selling 12,000 shares and Robert James Gamgort selling 7,601 shares recently, leading to a significant decrease in their positions.

MBB Public Markets I LLC bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,702 shares of the company's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KDP. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 21.3% during the 1st quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after acquiring an additional 25,425,644 shares during the period. JPMorgan Chase & Co. grew its position in shares of Keurig Dr Pepper by 108.1% during 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. T. Rowe Price Investment Management Inc. grew its position in shares of Keurig Dr Pepper by 981.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company's stock valued at $86,050,000 after acquiring an additional 2,282,050 shares during the period. Seven Grand Managers LLC bought a new position in shares of Keurig Dr Pepper during the 1st quarter valued at approximately $51,330,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Keurig Dr Pepper by 15.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,260,957 shares of the company's stock valued at $297,462,000 after acquiring an additional 1,258,062 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded down $0.36 on Friday, hitting $27.23. 15,078,241 shares of the company's stock traded hands, compared to its average volume of 13,270,515. 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, Inc has a 1-year low of $27.01 and a 1-year high of $38.28. The firm's 50-day moving average price is $32.47 and its two-hundred day moving average price is $33.32. The firm has a market capitalization of $36.99 billion, a PE ratio of 24.31, a P/E/G ratio of 1.50 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting 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 analysts' expectations of $4.14 billion. During the same period in the previous year, the business posted $0.45 EPS. The business's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on KDP. Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. UBS Group reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

Insider Activity

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 459,601 shares of company stock worth $15,228,872. Corporate insiders own 0.40% of the company's stock.

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.