Keurig Dr Pepper, Inc $KDP Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 153.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,452 shares of the company’s stock after acquiring an additional 51,085 shares during the quarter. Van ECK Associates Corp’s holdings in Keurig Dr Pepper were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KDP. NewEdge Advisors LLC grew its stake in Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares in the last quarter. Empowered Funds LLC raised its position in Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after purchasing an additional 49,741 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Keurig Dr Pepper by 49.2% in the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter worth about $328,000. Finally, Jump Financial LLC grew its position in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after buying an additional 54,571 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

KDP stock opened at $32.88 on Friday. The business has a 50 day moving average price of $31.31 and a 200 day moving average price of $29.58. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The stock has a market cap of $44.74 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.55 and a beta of 0.40. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $33.82.

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

Insider Activity

In related news, Director Aaron Alt bought 7,862 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the transaction, the director directly owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, August 13th. Citigroup raised their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Finally, Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Company Profile

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.