Seven Grand Managers LLC Makes New Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• Seven Grand Managers LLC invested approximately $51.33 million in Keurig Dr Pepper, acquiring 1,500,000 shares which now make up 12.0% of its portfolio.
• Analysts have generally graded Keurig Dr Pepper positively, with a consensus rating of "Moderate Buy" and a target price of $39.77, despite some variations in target price assessments by different brokerages.
• Keurig Dr Pepper recently declared a quarterly dividend of $0.23 per share, reflecting a yield of 2.7%, with a payout ratio of 82.14%.

Seven Grand Managers LLC acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,500,000 shares of the company's stock, valued at approximately $51,330,000. Keurig Dr Pepper makes up 12.0% of Seven Grand Managers LLC's investment portfolio, making the stock its largest position. Seven Grand Managers LLC owned approximately 0.11% of Keurig Dr Pepper at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in shares of Keurig Dr Pepper in the first quarter worth about $27,000. Continuum Advisory LLC lifted its stake in Keurig Dr Pepper by 82.5% in the 1st 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 last quarter. Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $48,000. LRI Investments LLC grew its stake in shares of 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 last quarter. Finally, Riverview Trust Co increased its holdings in shares of 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 in the last quarter. Institutional investors own 93.99% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on KDP. Barclays increased their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price target for the company from $36.00 to $42.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, UBS Group dropped their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $39.77.

Keurig Dr Pepper Stock Up 1.5%

NASDAQ:KDP traded up $0.53 on Tuesday, hitting $35.18. The stock had a trading volume of 5,798,356 shares, compared to its average volume of 11,903,191. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The firm's fifty day simple moving average is $33.54 and its two-hundred day simple moving average is $33.57. 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 stock has a market cap of $47.79 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 2.54 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

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

Insider Activity

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the business'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 sale, the director owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. The trade was a 12.70% 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 quarter. 1.00% of the stock is currently owned by insiders.

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.