LGT Fund Management Co Ltd. Makes New $656,000 Investment in Keurig Dr Pepper, Inc $KDP

LGT Fund Management Co Ltd. bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,830 shares of the company’s stock, valued at approximately $656,000.

A number of other hedge funds have also added to or reduced their stakes in KDP. Rise Advisors LLC bought a new stake in Keurig Dr Pepper in the first quarter worth approximately $25,000. WPG Advisers LLC bought a new stake in Keurig Dr Pepper in the first quarter worth approximately $43,000. Continuum Advisory LLC increased its holdings in Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper in the first quarter worth approximately $48,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Keurig Dr Pepper in the first quarter worth approximately $68,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 0.4%

Shares of NASDAQ:KDP opened at $25.84 on Friday. The stock has a market cap of $35.10 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.42 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Keurig Dr Pepper, Inc has a 12-month low of $25.27 and a 12-month high of $37.27. The business’s 50 day moving average is $30.16 and its 200 day moving average is $32.52.

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

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Keurig Dr Pepper’s payout ratio is presently 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction 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 transaction, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert James Gamgort sold 208,000 shares of the business’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 transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 435,601 shares of company stock worth $14,421,512. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of a number of research analyst reports. HSBC reiterated a “hold” rating and issued a $30.00 target price (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. TD Cowen reduced their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday. Barclays cut Keurig Dr Pepper from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $26.00 in a research note on Wednesday, September 24th. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, Cowen reissued a “hold” rating on shares of Keurig Dr Pepper in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.14.

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.