Moore Capital Management LP Makes New $10.58 Million Investment in Keurig Dr Pepper, Inc $KDP

Moore Capital Management LP acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 323,376 shares of the company’s stock, valued at approximately $10,584,000.

A number of other large investors have also made changes to their positions in KDP. Northwestern Mutual Wealth Management Co. lifted its position in Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after buying an additional 39,156 shares during the period. PNC Financial Services Group Inc. grew its holdings in Keurig Dr Pepper by 47.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after buying an additional 57,797 shares during the period. Principal Financial Group Inc. grew its holdings in Keurig Dr Pepper by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock valued at $43,489,000 after buying an additional 47,184 shares during the period. Fidelity National Financial Inc. acquired a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $15,349,000. Finally, Anchor Capital Advisors LLC increased its stake in shares of Keurig Dr Pepper by 13.8% during the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after acquiring an additional 157,438 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Buying and Selling

In other news, Director Aaron E. Alt bought 7,862 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $32.18 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market capitalization of $43.79 billion, a PE ratio of 32.51, a P/E/G ratio of 1.43 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82. The business’s fifty day moving average price is $31.24 and its two-hundred day moving average price is $29.50.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping 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 business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was up 75.6% on a year-over-year basis. On average, research analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on KDP shares. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, August 13th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Barclays boosted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, UBS Group boosted 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. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.94.

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.