Keurig Dr Pepper, Inc $KDP Shares Purchased by Groupe la Francaise

Groupe la Francaise boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,583 shares of the company’s stock after purchasing an additional 15,765 shares during the quarter. Groupe la Francaise’s holdings in Keurig Dr Pepper were worth $5,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its stake in Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the last quarter. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Keurig Dr Pepper by 67.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 451 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after buying an additional 1,023 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Keurig Dr Pepper during the third quarter worth about $34,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.59 on Tuesday. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82. The firm has a market capitalization of $44.35 billion, a P/E ratio of 32.92, a P/E/G ratio of 1.54 and a beta of 0.40. The firm has a 50-day moving average price of $31.27 and a 200 day moving average price of $29.63. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

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

Analysts Set New Price Targets

KDP has been the subject of several research reports. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a report on Wednesday, July 1st. The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. UBS Group increased their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.94.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Aaron Alt bought 7,862 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Angela Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the sale, the vice president owned 55,786 shares in the company, valued at $1,824,202.20. This represents a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is currently owned by insiders.

About Keurig Dr Pepper

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.