Ilmarinen Mutual Pension Insurance Co Has $12.66 Million Position in Keurig Dr Pepper, Inc $KDP

Ilmarinen Mutual Pension Insurance Co lowered its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,000 shares of the company’s stock after selling 35,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $12,661,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Commerce Bank raised its holdings in Keurig Dr Pepper by 1.6% during the 1st quarter. Commerce Bank now owns 21,513 shares of the company’s stock worth $736,000 after purchasing an additional 340 shares during the last quarter. First American Bank raised its holdings in Keurig Dr Pepper by 0.6% during the 1st quarter. First American Bank now owns 59,564 shares of the company’s stock worth $2,038,000 after purchasing an additional 344 shares during the last quarter. Allworth Financial LP increased its stake in shares of Keurig Dr Pepper by 3.8% in the 1st quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after acquiring an additional 371 shares during the last quarter. Citadel Investment Advisory Inc. increased its stake in shares of Keurig Dr Pepper by 6.6% in the 1st quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company’s stock valued at $221,000 after acquiring an additional 400 shares during the last quarter. Finally, Hartford Funds Management Co LLC increased its stake in shares of Keurig Dr Pepper by 1.2% in the 1st quarter. Hartford Funds Management Co LLC now owns 34,497 shares of the company’s stock valued at $1,180,000 after acquiring an additional 413 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Down 0.1%

KDP stock opened at $27.61 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.51 and a beta of 0.47. The business’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $33.41. Keurig Dr Pepper, Inc has a fifty-two week low of $27.24 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 EPS for the quarter, hitting 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 company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the business earned $0.45 earnings per share. Keurig Dr Pepper’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KDP. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a research note on Monday, August 25th. Deutsche Bank Aktiengesellschaft lowered their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, August 26th. Barclays upped their price target 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. UBS Group lowered their price target on 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. Finally, Hsbc Global Res cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.38.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert James Gamgort sold 7,601 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares in the company, valued at $82,038,836.88. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 459,601 shares of company stock worth $15,228,872 over the last ninety days. 1.00% of the stock is currently owned by insiders.

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.