Northern Trust Corp Grows Stock Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• Northern Trust Corp increased its stake in Keurig Dr Pepper, owning approximately 1.01% of the company with a stock position valued at $469.25 million as of the end of the first quarter.
• Analysts have varied opinions on Keurig Dr Pepper, with Barclays raising its price target from $37 to $39, while HSBC upgraded the stock to a "buy" rating and raised the target price to $42.
• Keurig Dr Pepper reported earnings of $0.49 per share, meeting analysts’ expectations, and achieved a revenue of $4.16 billion, reflecting a 6.1% year-over-year growth.

Northern Trust Corp lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,712,677 shares of the company's stock after acquiring an additional 114,044 shares during the period. Northern Trust Corp owned approximately 1.01% of Keurig Dr Pepper worth $469,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper during the 1st quarter worth approximately $27,000. Continuum Advisory LLC grew its holdings 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 buying an additional 602 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at $48,000. LRI Investments LLC raised its stake in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after acquiring an additional 605 shares during the last quarter. Finally, Riverview Trust Co lifted its position in Keurig Dr Pepper by 47.7% during the 1st quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after acquiring an additional 552 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director De Ven Michael G. Van purchased 15,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $498,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert James Gamgort sold 208,000 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 679,601 shares of company stock worth $22,508,712 in the last 90 days. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KDP. UBS Group cut their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Barclays lifted their price objective 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. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.77.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock traded down $0.07 on Friday, reaching $35.13. The company's stock had a trading volume of 5,121,713 shares, compared to its average volume of 8,519,518. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $47.72 billion, a P/E ratio of 31.37, a PEG ratio of 2.56 and a beta of 0.45. The stock has a 50-day moving average price of $33.71 and a 200-day moving average price of $33.65. 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 issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

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.