Keurig Dr Pepper, Inc $KDP Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its holdings in Keurig Dr Pepper, Inc by 20.3%, selling 12,315,041 shares and now owning approximately 48.3 million shares valued at about $1.65 billion.
• Several institutional investors have recently either bought or increased their stakes in Keurig Dr Pepper, with institutional ownership now accounting for 93.99% of the stock.
• Analysts have set new price targets for Keurig Dr Pepper, with Barclays raising its target to $39.00, while a general consensus rating for the stock remains at "Moderate Buy" with a price target of $39.77.

Wellington Management Group LLP cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 20.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,287,740 shares of the company's stock after selling 12,315,041 shares during the period. Wellington Management Group LLP owned approximately 3.56% of Keurig Dr Pepper worth $1,652,406,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KDP. Townsquare Capital LLC grew its position in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after purchasing an additional 327 shares in the last quarter. Commerce Bank lifted its stake in shares of Keurig Dr Pepper by 1.6% in the 1st quarter. Commerce Bank now owns 21,513 shares of the company's stock valued at $736,000 after purchasing an additional 340 shares during the last quarter. First American Bank lifted its stake in shares of Keurig Dr Pepper by 0.6% in the 1st quarter. First American Bank now owns 59,564 shares of the company's stock valued at $2,038,000 after purchasing an additional 344 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Keurig Dr Pepper by 3.8% during the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company's stock worth $353,000 after acquiring an additional 371 shares during the last quarter. Finally, Citadel Investment Advisory Inc. boosted its stake in shares of Keurig Dr Pepper by 6.6% during the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company's stock valued at $221,000 after purchasing an additional 400 shares during the period. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction 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 sale, the director owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. This trade represents a 8.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper 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 approximately $2,777,320.26. This represents a 12.70% decrease in their position. 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. 0.40% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Up 0.1%

Shares of NASDAQ:KDP traded up $0.02 on Thursday, reaching $35.20. The company had a trading volume of 6,089,140 shares, compared to its average volume of 11,866,615. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The firm's 50 day simple moving average is $33.63 and its 200-day simple moving average is $33.59. The firm has a market capitalization of $47.82 billion, a PE ratio of 31.43, a PEG ratio of 2.57 and a beta of 0.45. 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 results 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 for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. As a group, analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KDP. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. 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. JPMorgan Chase & Co. reduced their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Finally, Barclays raised their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.77.

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.