Shell Asset Management Co. Grows Stake in Keurig Dr Pepper, Inc $KDP

Shell Asset Management Co. grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 71.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 42,680 shares of the company's stock after buying an additional 17,827 shares during the quarter. Shell Asset Management Co.'s holdings in Keurig Dr Pepper were worth $1,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $25,000. Chung Wu Investment Group LLC purchased a new stake in Keurig Dr Pepper in the 2nd quarter worth approximately $26,000. WPG Advisers LLC purchased a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $43,000. Continuum Advisory LLC lifted its holdings in Keurig Dr Pepper by 82.5% in the 1st 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. Finally, Global Trust Asset Management LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research note on Monday, August 25th. Citigroup lowered their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. HSBC restated a "hold" rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Cowen restated a "hold" rating on shares of Keurig Dr Pepper in a research note on Wednesday, October 1st. Finally, Hsbc Global Res cut Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of "Hold" and a consensus target price of $35.00.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares of the company's stock, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 435,601 shares of company stock valued at $14,421,512. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 1.0%

Shares of NASDAQ:KDP opened at $25.58 on Thursday. The stock has a fifty day simple moving average of $29.67 and a two-hundred day simple moving average of $32.36. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.39 and a beta of 0.43. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $37.27. 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 quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion during 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 firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.6%. Keurig Dr Pepper's dividend payout ratio (DPR) is presently 82.14%.

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.

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