Keurig Dr Pepper, Inc $KDP Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in Keurig Dr Pepper by 6.9%, selling 33,915 shares, and now owns 460,822 shares valued at approximately $15.77 million.
• In the first quarter, several institutional investors, including Vanguard Group and JPMorgan Chase, increased their stakes in Keurig Dr Pepper, reflecting growing confidence in the company.
• Keurig Dr Pepper reported a revenue increase of 6.1% year-over-year, with earnings per share meeting analyst expectations at $0.49 for the most recent quarter.

Rafferty Asset Management LLC reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 6.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 460,822 shares of the company's stock after selling 33,915 shares during the period. Rafferty Asset Management LLC's holdings in Keurig Dr Pepper were worth $15,769,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper during the first quarter worth about $27,000. Continuum Advisory LLC increased 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 buying 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 valued at approximately $48,000. LRI Investments LLC lifted its position in shares of Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after acquiring an additional 605 shares during the period. Finally, Riverview Trust Co boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.20 on Friday, hitting $29.09. The company had a trading volume of 22,200,454 shares, compared to its average volume of 14,551,858. 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 company has a market cap of $39.52 billion, a PE ratio of 25.97, a PEG ratio of 1.60 and a beta of 0.45. Keurig Dr Pepper, Inc has a 52-week low of $28.70 and a 52-week high of $38.28. The business has a 50 day moving average of $33.36 and a 200 day moving average of $33.58.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the company'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 transaction of $403,920.00. Following the transaction, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director De Ven Michael G. Van bought 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at $498,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 679,601 shares of company stock valued at $22,508,712 over the last 90 days. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KDP. JPMorgan Chase & Co. lowered their price target on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. UBS Group decreased their target price on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a research report on Monday. Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.38.

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.