Keurig Dr Pepper, Inc $KDP Stock Holdings Boosted by National Pension Service

National Pension Service increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,649,801 shares of the company’s stock after acquiring an additional 173,128 shares during the period. National Pension Service’s holdings in Keurig Dr Pepper were worth $86,728,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KDP. Community Bank N.A. acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. increased its stake in shares of Keurig Dr Pepper by 358.0% in 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake 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 purchasing an additional 1,023 shares during the period. Rossby Financial LCC raised its holdings in shares of Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Keurig Dr Pepper by 67.6% during the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 451 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Angela Stephens sold 9,500 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the transaction, the vice president owned 55,786 shares of the company’s stock, valued at $1,824,202.20. This trade represents a 14.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aaron Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired 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 directly owned 7,862 shares of the company’s stock, valued at $250,247.46. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $31.39 on Friday. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.48 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82. The stock’s 50 day moving average price is $31.17 and its 200 day moving average price is $29.70.

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, beating 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 firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the company posted $0.49 EPS. The firm’s quarterly revenue was up 75.6% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KDP shares. Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Citigroup boosted their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 8th. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Company 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.