Odyssean LLC Acquires 22,963 Shares of Keurig Dr Pepper, Inc $KDP

Odyssean LLC grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 215.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,619 shares of the company’s stock after buying an additional 22,963 shares during the period. Odyssean LLC’s holdings in Keurig Dr Pepper were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KDP. BlackRock Inc. purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at about $4,697,645,000. State Street Corp grew its position in Keurig Dr Pepper by 1.6% in the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after acquiring an additional 986,700 shares in the last quarter. Wellington Management Group LLP increased its stake in Keurig Dr Pepper by 37.0% during the fourth quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after acquiring an additional 15,393,753 shares during the last quarter. Geode Capital Management LLC increased its stake in Keurig Dr Pepper by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after acquiring an additional 1,187,457 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $727,667,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 1.2%

NASDAQ:KDP opened at $32.21 on Thursday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. The company has a market cap of $43.83 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40. The stock has a fifty day simple moving average of $31.18 and a 200-day simple moving average of $29.45. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business’s revenue for the quarter was up 75.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, August 13th. Morgan Stanley started coverage on Keurig Dr Pepper in a research report on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price on the stock. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a report on Wednesday, July 8th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 1st. Finally, Barclays boosted their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.