Empowered Funds LLC Makes New $2.67 Million Investment in Keurig Dr Pepper, Inc $KDP

Empowered Funds LLC purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 81,452 shares of the company’s stock, valued at approximately $2,666,000.

Several other large investors also recently modified their holdings of KDP. United Capital Financial Advisors LLC bought a new position in Keurig Dr Pepper in the second quarter worth approximately $653,000. Public Employees Retirement System of Ohio acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $12,103,000. Transamerica Financial Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the second quarter worth about $158,000. Corient Private Wealth LP bought a new position in Keurig Dr Pepper in the 2nd quarter valued at about $2,952,000. Finally, Bank of America Corp DE bought a new position in Keurig Dr Pepper in the 2nd quarter valued at about $281,503,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Aaron E. Alt purchased 7,862 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares of the company’s stock, valued at $250,247.46. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of analyst reports. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Citigroup lifted their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. UBS Group upped 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, The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper News Summary

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 to Chobani for $925 million in pre-tax proceeds. Management said the cash will support deleveraging, which could improve balance-sheet flexibility following the JDE Peet’s acquisition. Reuters article
• Positive Sentiment: The transaction removes a non-core investment and manufacturing asset, helping KDP sharpen its focus on beverages while preserving and expanding its long-term commercial relationship with Chobani. Chobani plans to invest approximately $1.2 billion in a Pennsylvania manufacturing campus, potentially strengthening the partnership and securing future production capacity. KDP press release
• Positive Sentiment: The latest coverage characterizes the Chobani exit as favorable for KDP because it provides immediate liquidity, supports debt reduction and may make the planned business split easier to execute. MSN article
• Neutral Sentiment: Analysts maintain an average “Moderate Buy” recommendation, indicating generally constructive sentiment but not an overwhelming consensus. KDP’s most recent reported quarter also exceeded estimates, with adjusted earnings of $0.57 per share versus $0.54 expected and revenue of $7.31 billion versus $7.23 billion. Analyst recommendation article

Keurig Dr Pepper Trading Up 2.2%

Shares of KDP stock opened at $32.59 on Thursday. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The company has a 50-day simple moving average of $31.30 and a two-hundred day simple moving average of $29.56. The company has a market capitalization of $44.35 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.51 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its 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 firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 75.6% compared to the same quarter last year. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

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.