OMERS ADMINISTRATION Corp Has $1.34 Million Stake in Keurig Dr Pepper, Inc $KDP

OMERS ADMINISTRATION Corp trimmed its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 14.3% during the first quarter, Holdings Channel.com reports. The firm owned 39,147 shares of the company’s stock after selling 6,556 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Keurig Dr Pepper were worth $1,340,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its position in shares of Keurig Dr Pepper by 51.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 33,510 shares of the company’s stock worth $1,154,000 after purchasing an additional 11,435 shares in the last quarter. Praxis Investment Management Inc. raised its stake in shares of Keurig Dr Pepper by 112.2% during the first quarter. Praxis Investment Management Inc. now owns 19,630 shares of the company’s stock worth $672,000 after buying an additional 10,380 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter worth approximately $1,177,000. Envestnet Asset Management Inc. raised its stake in shares of Keurig Dr Pepper by 13.7% during the first quarter. Envestnet Asset Management Inc. now owns 2,823,185 shares of the company’s stock worth $96,609,000 after buying an additional 339,530 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Keurig Dr Pepper by 656.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 205,556 shares of the company’s stock worth $7,034,000 after buying an additional 178,368 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the transaction, the director owned 2,292,169 shares in the company, valued at $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director De Ven Michael G. Van purchased 15,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, June 4th. The stock was bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at approximately $498,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 471,601 shares of company stock worth $15,623,912 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Monday, August 25th. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. UBS Group lowered their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 27th. HSBC reaffirmed a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Finally, Barclays upped their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.38.

Keurig Dr Pepper Stock Down 0.7%

Keurig Dr Pepper stock opened at $29.09 on Monday. The stock has a market capitalization of $39.52 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47. Keurig Dr Pepper, Inc has a twelve month low of $28.70 and a twelve month high of $38.28. 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 50 day moving average of $33.36 and a 200-day moving average of $33.61.

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, meeting the consensus estimate of $0.49. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

About Keurig Dr Pepper

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.