Vontobel Holding Ltd. Sells 12,988 Shares of Keurig Dr Pepper, Inc $KDP

Vontobel Holding Ltd. cut its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,119 shares of the company’s stock after selling 12,988 shares during the period. Vontobel Holding Ltd.’s holdings in Keurig Dr Pepper were worth $4,533,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KDP. Maryland State Retirement & Pension System boosted its position in Keurig Dr Pepper by 12.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 62,944 shares of the company’s stock valued at $2,081,000 after buying an additional 7,152 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Keurig Dr Pepper by 4.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 171,000 shares of the company’s stock valued at $5,653,000 after buying an additional 7,700 shares during the last quarter. Shell Asset Management Co. boosted its position in Keurig Dr Pepper by 71.7% in the 2nd quarter. Shell Asset Management Co. now owns 42,680 shares of the company’s stock valued at $1,411,000 after buying an additional 17,827 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Keurig Dr Pepper in the 2nd quarter valued at $215,000. Finally, KLP Kapitalforvaltning AS boosted its position in Keurig Dr Pepper by 8.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 449,600 shares of the company’s stock valued at $14,952,000 after buying an additional 33,800 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

KDP stock opened at $25.82 on Friday. The business’s fifty day moving average is $29.39 and its 200-day moving average is $32.25. 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 market cap of $35.07 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $37.27.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The company 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 firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a yield of 3.6%. Keurig Dr Pepper’s payout ratio is currently 82.14%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group decreased their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 27th. Wells Fargo & Company decreased their price objective on Keurig Dr Pepper from $40.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Cowen reiterated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. Citigroup decreased their price objective on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, September 16th. Finally, BNP Paribas Exane downgraded Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Eleven investment 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, Keurig Dr Pepper has a consensus rating of “Hold” and an average price target of $35.00.

Insider Activity

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director directly owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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. Over the last quarter, insiders have sold 435,601 shares of company stock worth $14,421,512. Corporate insiders own 0.40% of the company’s stock.

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.