Hsbc Holdings PLC Grows Stock Holdings in Keurig Dr Pepper, Inc $KDP

Hsbc Holdings PLC grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 29.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,996,377 shares of the company’s stock after acquiring an additional 682,630 shares during the period. Hsbc Holdings PLC owned 0.22% of Keurig Dr Pepper worth $102,392,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KDP. ST Germain D J Co. Inc. bought a new stake in shares of Keurig Dr Pepper during the 1st quarter valued at $27,000. Continuum Advisory LLC grew its holdings in Keurig Dr Pepper by 82.5% during the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company’s stock valued at $46,000 after buying an additional 602 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Keurig Dr Pepper during the first quarter valued at about $48,000. LRI Investments LLC lifted its holdings in shares of Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after buying an additional 605 shares in the last quarter. Finally, Riverview Trust Co lifted its holdings in shares of Keurig Dr Pepper by 47.7% in the first quarter. Riverview Trust Co now owns 1,710 shares of the company’s stock worth $59,000 after buying an additional 552 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the sale, the director directly 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 SEC, which is available at this hyperlink. Also, Director De Ven Michael G. Van purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost 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 in the company, 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 672,000 shares of company stock worth $22,235,760 in the last quarter. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $35.18 on Thursday. The firm has a market capitalization of $47.79 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. Keurig Dr Pepper, Inc has a 52-week low of $30.12 and a 52-week high of $38.28. The firm has a fifty day moving average of $33.63 and a 200 day moving average of $33.59.

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 analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts anticipate 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.