Keurig Dr Pepper, Inc $KDP Shares Bought by Tidal Investments LLC

Tidal Investments LLC increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,106 shares of the company’s stock after acquiring an additional 16,442 shares during the period. Tidal Investments LLC’s holdings in Keurig Dr Pepper were worth $7,400,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its position in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the period. Community Bank N.A. acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $29,000. Rossby Financial LCC raised its stake 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 worth $31,000 after buying an additional 339 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of 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 buying an additional 451 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second 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 period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

KDP opened at $31.39 on Friday. The firm has a market cap of $42.72 billion, a PE ratio of 31.71, a P/E/G ratio of 1.48 and a beta of 0.40. 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 fifty day simple moving average of $31.17 and a 200-day simple moving average of $29.70. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last announced its 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. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 75.6% compared to the same quarter last year. As a group, equities analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KDP. Morgan Stanley began coverage on Keurig Dr Pepper in a research note on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price for the company. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 13th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Citigroup raised their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.94.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the sale, the insider directly owned 84,171 shares of the company’s stock, valued at approximately $2,739,766.05. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aaron E. Alt bought 7,862 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, 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 SEC filing for this purchase provides additional information. 0.34% of the stock is currently owned by company insiders.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.