240,000 Shares in Keurig Dr Pepper, Inc $KDP Bought by Monashee Investment Management LLC

Key Points

• Monashee Investment Management LLC purchased 240,000 shares of Keurig Dr Pepper, Inc for approximately $8,213,000, making it the firm's 17th largest position.
• Institutional investors hold 93.99% of Keurig Dr Pepper's stock, indicating a strong interest from larger financial entities.
• The company's recent quarterly earnings reported $4.16 billion in revenue, exceeding estimates, with a 6.1% year-over-year increase in revenue.

Monashee Investment Management LLC acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 240,000 shares of the company's stock, valued at approximately $8,213,000. Keurig Dr Pepper accounts for approximately 1.0% of Monashee Investment Management LLC's holdings, making the stock its 17th largest position.

Other large investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new stake in Keurig Dr Pepper during the first quarter valued at $27,000. Continuum Advisory LLC boosted its stake in Keurig Dr Pepper by 82.5% during the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC bought a new stake in Keurig Dr Pepper during the first quarter valued at $48,000. LRI Investments LLC boosted its stake in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after buying an additional 605 shares during the period. Finally, Riverview Trust Co boosted its stake in Keurig Dr Pepper by 47.7% during the first quarter. Riverview Trust Co now owns 1,710 shares of the company's stock valued at $59,000 after buying an additional 552 shares during the period. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $35.18 on Thursday. Keurig Dr Pepper, Inc has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a market cap of $47.79 billion, a PE ratio of 31.41, a P/E/G ratio of 2.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The stock's 50-day moving average is $33.63 and its 200 day moving average is $33.59.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the business earned $0.45 EPS. Keurig Dr Pepper's revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Wall Street Analysts Forecast Growth

KDP has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Thursday, July 17th. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. UBS Group dropped their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the company from $36.00 to $42.00 in a report on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the transaction, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total value of $395,040.00. Following the transaction, the insider owned 118,511 shares in the company, valued at $3,901,382.12. This trade represents a 9.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 672,000 shares of company stock worth $22,235,760. Company insiders own 0.40% of the company's stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.

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