Keurig Dr Pepper, Inc $KDP Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,318 shares of the company’s stock after selling 4,772 shares during the quarter. IFM Investors Pty Ltd’s holdings in Keurig Dr Pepper were worth $9,148,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at approximately $614,000. Fortis Capital Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at approximately $614,000. Intech Investment Management LLC raised its holdings in shares of Keurig Dr Pepper by 1.0% during the first quarter. Intech Investment Management LLC now owns 124,990 shares of the company’s stock valued at $4,277,000 after acquiring an additional 1,190 shares during the last quarter. Integrity Alliance LLC. acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at approximately $390,000. Finally, Plato Investment Management Ltd boosted its holdings in shares of Keurig Dr Pepper by 0.7% during the 1st quarter. Plato Investment Management Ltd now owns 70,709 shares of the company’s stock worth $2,446,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.6%

Shares of NASDAQ KDP opened at $27.44 on Thursday. The company has a 50 day simple moving average of $32.59 and a 200-day simple moving average of $33.36. The company has a market capitalization of $37.28 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.51 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 1 year low of $27.10 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly 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. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 7,601 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the transaction, the director directly owned 2,284,568 shares in the company, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 in the company, valued at approximately $2,777,320.26. This 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 in the last 90 days. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KDP. Hsbc Global Res cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. lowered their target price 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. Barclays boosted their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. Finally, HSBC restated a “hold” rating and set a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Eleven 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $38.38.

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.