Vontobel Holding Ltd. Sells 12,988 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Vontobel Holding Ltd. decreased its stake in Keurig Dr Pepper, Inc by 8.7%, selling 12,988 shares and now holds 137,119 shares valued at approximately $4.53 million.
• Recent analyst reports have led to price target cuts for Keurig Dr Pepper, with Bank of America lowering its target from $41 to $33 and BNP Paribas Exane downgrading its rating from "neutral" to "underperform."
• Insiders have significantly sold shares, with a combined total of 435,601 shares sold in the past three months, which has raised concerns about insider confidence in the company's future performance.

Vontobel Holding Ltd. lessened its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,119 shares of the company's stock after selling 12,988 shares during the quarter. Vontobel Holding Ltd.'s holdings in Keurig Dr Pepper were worth $4,533,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $25,000. Chung Wu Investment Group LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $26,000. WPG Advisers LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $43,000. Continuum Advisory LLC lifted its position in shares of Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the 1st quarter worth about $48,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KDP shares. Bank of America cut their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday. BNP Paribas Exane cut Keurig Dr Pepper from a "neutral" rating to an "underperform" rating in a report on Monday, September 22nd. TD Cowen cut their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, October 1st. Hsbc Global Res cut Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. cut their price target 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. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of "Hold" and a consensus price target of $35.00.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares of the company's stock, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The sale 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 stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 435,601 shares of company stock valued at $14,421,512. 0.40% of the stock is currently owned by insiders.

Keurig Dr Pepper Trading Down 0.1%

Shares of KDP opened at $25.82 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year 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. The stock has a 50 day simple moving average of $29.39 and a 200-day simple moving average of $32.25. The stock has a market cap of $35.07 billion, a PE ratio of 23.05, a PEG ratio of 1.43 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period in the prior year, the firm posted $0.45 EPS. Keurig Dr Pepper's quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.23 dividend. The ex-dividend date of this dividend was 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 is presently 82.14%.

Keurig Dr Pepper Company 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.

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