UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in Keurig Dr Pepper, Inc $KDP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,368,013 shares of the company’s stock after selling 116,148 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Keurig Dr Pepper were worth $372,075,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Auxier Asset Management grew its holdings in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the period. Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares in the last quarter. Wealth Watch Advisors INC grew its stake in shares of Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after purchasing an additional 373 shares during the period. Transamerica Financial Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 19.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares in the last quarter. Finally, BOKF NA increased its holdings in shares of Keurig Dr Pepper by 44.1% during the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, Director Aaron E. Alt purchased 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director directly owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup upped their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Barclays increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Finally, HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.94.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $32.18 on Monday. The firm has a market cap of $43.79 billion, a PE ratio of 32.51, a PEG ratio of 1.43 and a beta of 0.40. The firm has a fifty day moving average of $31.24 and a 200 day moving average of $29.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm’s revenue for the quarter was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.