Perpetual Ltd Purchases 32,148 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Perpetual Ltd increased its stake in Keurig Dr Pepper, acquiring an additional 32,148 shares, bringing its total holdings to 895,324 shares valued at approximately $29.6 million.
• Equities analysts have lowered their price targets for KDP, with HSBC Global Research reducing its target from $42 to $30 and maintaining a 'hold' rating on the stock.
• Keurig Dr Pepper's latest quarterly earnings report showed a revenue of $4.16 billion and earnings per share (EPS) of $0.49, consistent with analyst estimates.

Perpetual Ltd lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 895,324 shares of the company's stock after acquiring an additional 32,148 shares during the quarter. Perpetual Ltd owned 0.07% of Keurig Dr Pepper worth $29,599,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at $25,000. ST Germain D J Co. Inc. acquired a new position in Keurig Dr Pepper during the first quarter worth about $27,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter worth about $43,000. Continuum Advisory LLC grew its holdings in Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in Keurig Dr Pepper during the first quarter valued at approximately $48,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on KDP. HSBC reaffirmed a "hold" rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Barclays increased their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Piper Sandler reduced their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. Finally, Citigroup dropped their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.77.

Insider Transactions at Keurig Dr Pepper

In other news, 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 transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. This trade represents a 8.32% 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, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company's stock, valued at $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 447,601 shares of company stock valued at $14,825,192 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 0.3%

Shares of NASDAQ:KDP traded down $0.09 during mid-day trading on Friday, reaching $27.11. The stock had a trading volume of 26,587,803 shares, compared to its average volume of 25,551,498. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $31.68 and a two-hundred day simple moving average of $33.04. Keurig Dr Pepper, Inc has a twelve month low of $26.58 and a twelve month high of $38.28. The firm has a market cap of $36.83 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.49 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The business's revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.23 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.4%. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

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.