Keurig Dr Pepper, Inc (NASDAQ:KDP) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 63.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,565 shares of the company’s stock after selling 70,881 shares during the period. Assenagon Asset Management S.A.’s holdings in Keurig Dr Pepper were worth $1,422,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $27,000. New Age Alpha Advisors LLC increased its stake in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after buying an additional 389 shares during the period. Whipplewood Advisors LLC purchased a new stake in Keurig Dr Pepper during the 4th quarter worth $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Keurig Dr Pepper in the 4th quarter worth $42,000. Finally, LRI Investments LLC boosted its position in Keurig Dr Pepper by 65.6% in the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock valued at $49,000 after buying an additional 605 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $34.12, for a total value of $7,096,960.00. Following the completion of the transaction, the director now directly owns 2,846,490 shares of the company’s stock, valued at $97,122,238.80. This represents a 6.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the completion of the sale, the insider now owns 178,511 shares in the company, valued at approximately $5,960,482.29. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 698,500 shares of company stock valued at $23,591,400 over the last three months. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KDP. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Argus started coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a “buy” rating and a $40.00 price objective for the company. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Finally, Barclays raised their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Keurig Dr Pepper Trading Down 0.7%

Keurig Dr Pepper stock opened at $32.87 on Wednesday. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The firm’s 50-day moving average is $33.85 and its 200-day moving average is $33.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 0.47. The company has a market cap of $44.64 billion, a P/E ratio of 29.88, a PEG ratio of 2.57 and a beta of 0.48.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 9.69% and a return on equity of 10.86%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company posted $0.38 earnings per share. Keurig Dr Pepper’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. Keurig Dr Pepper’s payout ratio is currently 83.64%.

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.