Intact Investment Management Inc. Sells 4,500 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Intact Investment Management Inc. trimmed its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 36.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,700 shares of the company’s stock after selling 4,500 shares during the period. Intact Investment Management Inc.’s holdings in Keurig Dr Pepper were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ahrens Investment Partners LLC bought a new position in shares of Keurig Dr Pepper in the first quarter valued at $27,000. Resurgent Financial Advisors LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $34,000. Kepos Capital LP bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at about $36,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Keurig Dr Pepper during the first quarter valued at about $42,000. 52.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KDP has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Thursday, July 6th. Wedbush cut their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 in a research report on Tuesday, July 11th. StockNews.com began coverage on shares of Keurig Dr Pepper in a research report on Wednesday, August 23rd. They issued a “hold” rating for the company. UBS Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $42.00 in a research report on Tuesday, August 15th. Finally, Barclays raised their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and an average target price of $37.10.

Keurig Dr Pepper Trading Up 0.2 %

Shares of Keurig Dr Pepper stock opened at $33.36 on Monday. Keurig Dr Pepper Inc. has a 1 year low of $30.47 and a 1 year high of $39.73. The firm has a market cap of $46.61 billion, a PE ratio of 29.26, a PEG ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.39 and a quick ratio of 0.24. The company has a 50 day simple moving average of $33.00 and a two-hundred day simple moving average of $33.01.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Keurig Dr Pepper had a net margin of 11.00% and a return on equity of 9.72%. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business posted $0.39 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Keurig Dr Pepper Inc. will post 1.78 earnings per share for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Karin Rotem-Wildeman acquired 47,000 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average cost of $34.37 per share, for a total transaction of $1,615,390.00. Following the acquisition, the insider now owns 56,514 shares in the company, valued at approximately $1,942,386.18. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.