Credit Agricole S A Increases Stock Holdings in Keurig Dr Pepper, Inc $KDP

Credit Agricole S A boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 10.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,385 shares of the company’s stock after buying an additional 40,429 shares during the quarter. Credit Agricole S A’s holdings in Keurig Dr Pepper were worth $15,104,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new stake in shares of Keurig Dr Pepper during the first quarter worth about $27,000. Continuum Advisory LLC raised 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 valued at $46,000 after acquiring an additional 602 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper during the first quarter worth approximately $48,000. LRI Investments LLC raised its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Riverview Trust Co raised its holdings in Keurig Dr Pepper by 47.7% during the first quarter. Riverview Trust Co now owns 1,710 shares of the company’s stock worth $59,000 after purchasing an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total transaction of $395,040.00. Following the transaction, the insider directly owned 118,511 shares in the company, valued at $3,901,382.12. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, for a total transaction of $498,000.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company’s stock, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 672,000 shares of company stock worth $22,235,760. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KDP. JPMorgan Chase & Co. lowered their target price on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, July 17th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. UBS Group decreased their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.77.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $35.18 on Thursday. The stock has a market cap of $47.79 billion, a PE ratio of 31.41, a P/E/G ratio of 2.57 and a beta of 0.45. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The business has a 50 day moving average price of $33.63 and a two-hundred day moving average price of $33.59. 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 (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $4.16 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

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.