Pensionfund Sabic Has $1.40 Million Position in Keurig Dr Pepper, Inc $KDP

Pensionfund Sabic lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 16.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,000 shares of the company’s stock after selling 8,000 shares during the quarter. Pensionfund Sabic’s holdings in Keurig Dr Pepper were worth $1,403,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Keurig Dr Pepper in the first quarter valued at $1,618,000. Swedbank AB lifted its stake in shares of Keurig Dr Pepper by 2.9% during the 1st quarter. Swedbank AB now owns 768,828 shares of the company’s stock worth $26,309,000 after buying an additional 21,826 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Keurig Dr Pepper by 229.6% during the 1st quarter. First Hawaiian Bank now owns 25,673 shares of the company’s stock worth $879,000 after buying an additional 17,884 shares during the last quarter. Invst LLC acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $1,215,000. Finally, Strs Ohio acquired a new stake in shares of Keurig Dr Pepper during the 1st quarter worth about $10,939,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KDP. Jefferies Financial Group set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Monday, August 25th. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 17th. Barclays raised their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Hsbc Global Res cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, UBS Group cut their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.38.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $27.23 on Friday. Keurig Dr Pepper, Inc has a twelve month low of $27.01 and a twelve month high of $38.28. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $33.27. The stock has a market capitalization of $36.99 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.47.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The shares were 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 in the company, valued at approximately $2,777,320.26. The trade was a 12.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert James Gamgort sold 7,601 shares of the business’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 transaction of $272,951.91. Following the completion of the transaction, the director owned 2,284,568 shares of the company’s stock, valued at $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 459,601 shares of company stock valued at $15,228,872 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

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.