Generali Asset Management SPA SGR Sells 889 Shares of Keurig Dr Pepper, Inc $KDP

Generali Asset Management SPA SGR reduced its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,608 shares of the company’s stock after selling 889 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Keurig Dr Pepper were worth $3,128,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Croban raised its holdings in Keurig Dr Pepper by 0.9% during the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after buying an additional 294 shares during the last quarter. Commerce Bank raised its holdings in Keurig Dr Pepper by 1.6% during the first quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after buying an additional 340 shares during the last quarter. First American Bank raised its holdings in Keurig Dr Pepper by 0.6% during the first quarter. First American Bank now owns 59,564 shares of the company’s stock worth $2,038,000 after buying an additional 344 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Keurig Dr Pepper by 3.8% in the first quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after purchasing an additional 371 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Keurig Dr Pepper by 3.5% in the second quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock valued at $384,000 after purchasing an additional 395 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.72 on Friday. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $37.27. The company has a 50-day simple moving average of $28.87 and a 200 day simple moving average of $32.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market capitalization of $37.66 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data 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 firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. On average, research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 82.14%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a report on Wednesday, October 1st. TD Cowen lowered their target price on shares of Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Piper Sandler lowered their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, August 26th. Finally, BNP Paribas downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a report on Monday, September 22nd. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.00.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. This trade represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 423,601 shares of company stock worth $14,017,592 in the last three months. 0.40% of the stock is owned by company insiders.

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.