155,788 Shares in Keurig Dr Pepper, Inc $KDP Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 155,788 shares of the company’s stock, valued at approximately $5,099,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auxier Asset Management boosted its holdings in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the period. Rossby Financial LCC increased its holdings in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after acquiring an additional 339 shares during the period. Wealth Watch Advisors INC increased its holdings in shares of Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after acquiring an additional 373 shares during the period. Transamerica Financial Advisors LLC raised its position in Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares during the last quarter. Finally, BOKF NA raised its position in Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $31.86 on Tuesday. 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 cap of $43.36 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40. The firm’s fifty day moving average price is $31.26 and its 200 day moving average price is $29.52. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82.

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

Insider Transactions at Keurig Dr Pepper

In other news, Director Aaron E. Alt acquired 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred 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 completion of the transaction, the director directly 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 Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KDP has been the topic of several research reports. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Thursday, August 13th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup increased 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. UBS Group raised their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Barclays boosted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.