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

Groupe la Francaise boosted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 11.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 155,583 shares of the company’s stock after buying 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.

Several other institutional investors and hedge funds have also bought and sold shares of KDP. Meeder Asset Management Inc. lifted its position 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 purchasing an additional 759 shares during the period. Rossby Financial LCC grew its position in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the period. GW&K Investment Management LLC grew its position in Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock worth $31,000 after purchasing an additional 451 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of 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 valued at $34,000 after buying an additional 1,023 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at about $34,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $32.59 on Tuesday. The firm has a market cap of $44.35 billion, a PE ratio of 32.92, a P/E/G ratio of 1.54 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. 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 business has a 50-day moving average price of $31.27 and a 200 day moving average price of $29.63.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (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 return on equity of 10.80% and a net margin of 7.10%.Keurig Dr Pepper’s revenue for the quarter was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Aaron E. Alt acquired 7,862 shares of Keurig Dr Pepper stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Angela A. Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction dated Thursday, September 3rd. The shares were 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 owned 55,786 shares in the company, valued at approximately $1,824,202.20. This trade 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 company insiders.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent research reports. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, August 13th. 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. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Morgan Stanley initiated coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They issued an “overweight” rating and a $38.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.94.

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.