NorthRock Partners LLC Grows Holdings in Keurig Dr Pepper, Inc $KDP

NorthRock Partners LLC lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 27.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 516,456 shares of the company’s stock after acquiring an additional 112,519 shares during the quarter. NorthRock Partners LLC’s holdings in Keurig Dr Pepper were worth $16,904,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of Keurig Dr Pepper by 30.6% in the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC lifted its stake in Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP boosted its holdings in Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at about $328,000. Finally, Jump Financial LLC increased its stake in 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 purchasing an additional 54,571 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on KDP shares. JPMorgan Chase & Co. raised their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Citigroup upped their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Barclays increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, UBS Group boosted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $34.94.

Insiders Place Their Bets

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

Keurig Dr Pepper Stock Down 0.1%

Shares of Keurig Dr Pepper stock opened at $32.55 on Wednesday. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. The company has a 50 day moving average of $31.27 and a 200 day moving average of $29.65. 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 company has a market capitalization of $44.29 billion, a P/E ratio of 32.88, a P/E/G ratio of 1.54 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating 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%. The company’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. As a group, research analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Keurig Dr Pepper 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.