USS Investment Management Ltd Has $6.73 Million Stake in Keurig Dr Pepper, Inc $KDP

Key Points

• USS Investment Management Ltd has reduced its stake in Keurig Dr Pepper, Inc by 47.1%, selling 175,400 shares during the first quarter, leaving it with 196,789 shares valued at approximately $6.7 million.
• Analysts have varied views on Keurig Dr Pepper, with recent price targets ranging from $30.00 to $41.00, and the stock receiving a consensus rating of "Moderate Buy" from eleven analysts.
• Insider transactions include a notable sale by Director Robert James Gamgort, who sold 208,000 shares at an average price of $32.90, representing an 8.32% decrease in his ownership.

USS Investment Management Ltd reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 47.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,789 shares of the company's stock after selling 175,400 shares during the quarter. USS Investment Management Ltd's holdings in Keurig Dr Pepper were worth $6,733,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock worth $4,962,338,000 after purchasing an additional 25,425,644 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Keurig Dr Pepper by 108.1% in the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after buying an additional 20,196,835 shares during the period. Invesco Ltd. lifted its holdings in shares of Keurig Dr Pepper by 1.7% in the first quarter. Invesco Ltd. now owns 21,973,128 shares of the company's stock valued at $751,920,000 after buying an additional 367,518 shares during the period. Northern Trust Corp lifted its holdings in shares of Keurig Dr Pepper by 0.8% in the first quarter. Northern Trust Corp now owns 13,712,677 shares of the company's stock valued at $469,248,000 after buying an additional 114,044 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Keurig Dr Pepper by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,284,995 shares of the company's stock valued at $351,927,000 after buying an additional 358,350 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company's stock, valued at $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 available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 459,601 shares of company stock valued at $15,228,872 over the last ninety days. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Down 1.4%

Keurig Dr Pepper stock traded down $0.38 during mid-day trading on Friday, hitting $27.21. The company's stock had a trading volume of 11,442,161 shares, compared to its average volume of 13,246,324. The firm's 50 day moving average is $32.47 and its 200 day moving average is $33.32. The company has a market cap of $36.96 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. Keurig Dr Pepper, Inc has a 52-week low of $27.01 and a 52-week high of $38.28.

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, hitting 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 period in the prior year, the business earned $0.45 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. HSBC restated a "hold" rating and issued a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. JPMorgan Chase & Co. cut 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. Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a report on Monday, August 25th. UBS Group reduced their target price on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, August 27th. Finally, Barclays upped their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.38.

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.