Lone Peak Global Investors LLC Grows Stock Holdings in Keurig Dr Pepper, Inc $KDP

Lone Peak Global Investors LLC grew its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,098,204 shares of the company’s stock after acquiring an additional 63,646 shares during the period. Keurig Dr Pepper comprises about 4.9% of Lone Peak Global Investors LLC’s portfolio, making the stock its 2nd largest holding. Lone Peak Global Investors LLC’s holdings in Keurig Dr Pepper were worth $35,944,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of KDP. Meeder Asset Management Inc. lifted its stake in Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Keurig Dr Pepper by 102,300.0% during the 2nd 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 purchasing an additional 1,023 shares in the last quarter. Rossby Financial LCC lifted its holdings 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 purchasing an additional 339 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in Keurig Dr Pepper in the 4th quarter worth about $31,000. Finally, GW&K Investment Management LLC lifted its stake in Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after acquiring an additional 451 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a research note on Wednesday, July 1st. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Aaron E. Alt acquired 7,862 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $31.83 per share, with a total value of $250,247.46. Following the transaction, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Trending Headlines about Keurig Dr Pepper

Here are the key news stories impacting Keurig Dr Pepper this week:

• Positive Sentiment: KDP will sell its minority stake in Chobani and a Pennsylvania manufacturing facility back to Chobani for $925 million in pre-tax proceeds. Management said the cash will support deleveraging, potentially improving the company’s balance sheet following its acquisition of JDE Peet’s. Keurig Dr Pepper to sell back Chobani stake for $925 million
• Positive Sentiment: The transaction streamlines KDP’s operations ahead of its planned business split, allowing the company to focus capital and management attention on its core beverage businesses while monetizing a non-core investment and asset. Keurig Dr Pepper Advances Strategic Priorities Through Enhanced Partnership with Chobani
• Positive Sentiment: Despite selling its equity stake and facility, KDP is expanding its commercial relationship with Chobani. Chobani plans to invest approximately $1.2 billion in a Pennsylvania manufacturing campus, which should support a continuing strategic supply and distribution partnership. Chobani to Invest $1.2B in Pennsylvania Manufacturing Campus
• Neutral Sentiment: The deal removes KDP’s exposure to potential future gains from Chobani, and investors will still assess execution risks surrounding the planned corporate separation and the integration of JDE Peet’s. However, the upfront proceeds and debt-reduction objective are viewed as favorable for shareholder value. Keurig Dr Pepper to Sell Chobani Stake, Pennsylvania Campus for $925 Million

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $31.89 on Wednesday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. The company has a fifty day simple moving average of $31.28 and a 200 day simple moving average of $29.54. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The company has a market cap of $43.40 billion, a P/E ratio of 32.21, a P/E/G ratio of 1.42 and a beta of 0.40.

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

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.