S Bank Fund Management Ltd Makes New $340,000 Investment in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• S Bank Fund Management Ltd acquired a new position in Keurig Dr Pepper, Inc by purchasing nearly 10,000 shares valued at around $340,000 in the first quarter.
• Insiders at Keurig Dr Pepper recently sold a total of 672,000 shares valued at over $22 million in the past three months, indicating significant insider trading activity.
• Analysts have mixed ratings on Keurig Dr Pepper, with the average target price set at $39.77, reflecting a consensus rating of "Moderate Buy."

S Bank Fund Management Ltd purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,924 shares of the company's stock, valued at approximately $340,000.

Other large investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in Keurig Dr Pepper during the first quarter worth $27,000. Continuum Advisory LLC lifted its holdings in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC purchased a new stake in Keurig Dr Pepper during the first quarter worth $48,000. LRI Investments LLC lifted its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after buying an additional 605 shares during the period. Finally, Riverview Trust Co lifted its holdings in Keurig Dr Pepper by 47.7% during the first quarter. Riverview Trust Co now owns 1,710 shares of the company's stock worth $59,000 after buying an additional 552 shares during the period. Hedge funds and other institutional investors own 93.99% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group lowered 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. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Barclays increased their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $39.77.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP traded up $0.15 during mid-day trading on Friday, hitting $34.78. The stock had a trading volume of 6,246,850 shares, compared to its average volume of 9,794,757. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a 50 day moving average of $33.50 and a two-hundred day moving average of $33.54. Keurig Dr Pepper, Inc has a twelve month low of $30.12 and a twelve month high of $38.28. The firm has a market cap of $47.25 billion, a PE ratio of 31.05, a PEG ratio of 2.54 and a beta of 0.45.

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

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio is presently 82.14%.

Insider Activity at Keurig Dr Pepper

In other news, Director De Ven Michael G. Van bought 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average cost of $33.20 per share, with a total value of $498,000.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $498,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company'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 directly owned 118,511 shares in the company, valued at approximately $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 have sold a total of 672,000 shares of company stock valued at $22,235,760 in the last ninety days. Company insiders own 0.40% of the company's stock.

About Keurig Dr Pepper

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.