Robeco Institutional Asset Management B.V. Acquires 31,832 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Robeco Institutional Asset Management increased its Keurig Dr Pepper position by 5.2%, acquiring 31,832 shares to bring its holdings to 640,931 shares valued at approximately $19.4 million. Institutional investors and hedge funds collectively own 93.99% of KDP.
• Analysts maintain a “Moderate Buy” consensus, with 10 Buy and 10 Hold ratings and an average price target of $35.78; UBS and Barclays recently raised their targets to $39 and $38, respectively.
• KDP reported quarterly earnings and revenue above estimates, with EPS of $0.57 and revenue of $7.31 billion, while declaring a quarterly dividend of $0.23 per share, equivalent to a 2.7% yield.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 640,931 shares of the company's stock after purchasing an additional 31,832 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Keurig Dr Pepper were worth $19,446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. AA Financial Advisors LLC increased its position in Keurig Dr Pepper by 29.3% during the third quarter. AA Financial Advisors LLC now owns 9,939 shares of the company's stock worth $302,000 after buying an additional 2,253 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth about $735,000. Vontobel Holding Ltd. boosted its stake in shares of Keurig Dr Pepper by 1.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,777 shares of the company's stock worth $661,000 after acquiring an additional 328 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Keurig Dr Pepper by 33.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,400 shares of the company's stock valued at $74,000 after acquiring an additional 600 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Keurig Dr Pepper by 24.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 39,167 shares of the company's stock valued at $1,188,000 after acquiring an additional 7,663 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KDP shares. Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a research note on Wednesday, July 1st. TD Cowen upped their target price on Keurig Dr Pepper from $31.00 to $33.00 in a research report on Wednesday, July 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. UBS Group increased their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Barclays lifted their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $35.78.

Insiders Place Their Bets

In other news, VP Angela Stephens sold 9,500 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the transaction, the vice president directly owned 55,786 shares in the company, valued at $1,824,202.20. The trade was a 14.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aaron Alt purchased 7,862 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares of the company's stock, valued at approximately $250,247.46. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.34% of the company's stock.

Keurig Dr Pepper Trading Down 1.4%

Shares of NASDAQ:KDP opened at $34.68 on Friday. The company has a market cap of $47.19 billion, a P/E ratio of 35.03, a P/E/G ratio of 1.68 and a beta of 0.40. The stock's 50-day moving average is $32.05 and its 200-day moving average is $30.63. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The firm's revenue for the quarter was up 75.6% on a year-over-year basis. Equities research analysts predict that Keurig Dr Pepper, Inc will post 2.30 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Monday, September 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, September 28th. Keurig Dr Pepper's payout ratio is currently 92.93%.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.

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