Nuveen LLC Takes $24.58 Million Position in Keurig Dr Pepper, Inc $KDP

Key Points

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Nuveen LLC purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 770,621 shares of the company's stock, valued at approximately $24,577,000. Nuveen LLC owned approximately 0.06% of Keurig Dr Pepper as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. raised its stake in shares of Keurig Dr Pepper by 51.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company's stock worth $1,154,000 after buying an additional 11,435 shares during the last quarter. Praxis Investment Management Inc. raised its stake in shares of Keurig Dr Pepper by 112.2% during the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company's stock worth $672,000 after buying an additional 10,380 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter worth approximately $1,177,000. Envestnet Asset Management Inc. raised its stake in shares of Keurig Dr Pepper by 13.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company's stock worth $96,609,000 after buying an additional 339,530 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Keurig Dr Pepper by 656.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company's stock worth $7,034,000 after buying an additional 178,368 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This trade represents a 8.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 672,000 shares of company stock valued at $22,235,760. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Down 0.2%

Shares of NASDAQ:KDP traded down $0.0650 during midday trading on Friday, reaching $35.1350. 2,950,098 shares of the company were exchanged, compared to its average volume of 11,809,411. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. 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 stock has a fifty day simple moving average of $33.67 and a two-hundred day simple moving average of $33.61. The firm has a market cap of $47.73 billion, a PE ratio of 31.35, a P/E/G ratio of 2.57 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.14 billion. During the same period last year, the business posted $0.45 earnings per share. The firm's quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

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.