Raiffeisen Bank International AG Has $1.29 Million Stake in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• Raiffeisen Bank International AG significantly increased its holdings in Keurig Dr Pepper, Inc by 313.7% during Q1, now owning a total of 38,135 shares valued at approximately $1.29 million.
• Several large investors have also adjusted their positions in Keurig Dr Pepper, with 93.99% of the stock now owned by hedge funds and institutional investors.
• Analysts have upgraded Keurig Dr Pepper's stock rating, with price targets ranging from $39 to $42, reflecting a generally positive outlook for the company.

Raiffeisen Bank International AG lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 313.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,135 shares of the company's stock after acquiring an additional 28,917 shares during the quarter. Raiffeisen Bank International AG's holdings in Keurig Dr Pepper were worth $1,287,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KDP. Price T Rowe Associates Inc. MD lifted its position in shares of Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after acquiring an additional 14,473,054 shares during the period. Invesco Ltd. raised its stake in shares of Keurig Dr Pepper by 19.6% during the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after buying an additional 3,539,463 shares during the last quarter. Northern Trust Corp boosted its position in shares of Keurig Dr Pepper by 20.6% in the 4th quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock worth $436,788,000 after buying an additional 2,320,614 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Keurig Dr Pepper by 18.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company's stock worth $318,836,000 after acquiring an additional 1,548,622 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $297,462,000 after purchasing an additional 1,258,062 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In related news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated 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 completion of the transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00. Following the transaction, the insider owned 118,511 shares in the company, valued at $3,901,382.12. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 672,000 shares of company stock valued at $22,235,760 in the last ninety days. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 1.5%

Keurig Dr Pepper stock traded up $0.49 during mid-day trading on Thursday, hitting $33.90. 6,566,963 shares of the company's stock were exchanged, compared to its average volume of 10,478,639. Keurig Dr Pepper, Inc has a 1-year low of $30.12 and a 1-year high of $38.28. The stock has a 50 day moving average of $33.29 and a two-hundred day moving average of $33.38. The stock has a market cap of $46.05 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.44 and a beta of 0.45. 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 (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. 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 company earned $0.45 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is currently 82.14%.

Analyst Upgrades and Downgrades

Several research firms have commented on KDP. 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. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. UBS Group decreased their target price on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Argus started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They issued a "buy" rating and a $40.00 target price on the stock. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

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.