3,252,088 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Hsbc Holdings PLC

Key Points

• HSBC Holdings purchased 3.25 million Keurig Dr Pepper shares worth approximately $107.2 million, giving it a 0.24% stake. Institutional investors collectively own 93.99% of the company.
• Analyst sentiment is positive, with Keurig Dr Pepper carrying a “Moderate Buy” consensus rating and an average price target of $34.94. Recent targets ranged from $37 to $40.
• Keurig Dr Pepper exceeded quarterly expectations, reporting $0.57 EPS versus the $0.54 consensus and $7.31 billion in revenue, up 75.6% year over year.

Hsbc Holdings PLC bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,252,088 shares of the company's stock, valued at approximately $107,163,000. Hsbc Holdings PLC owned 0.24% of Keurig Dr Pepper as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock worth $26,000 after acquiring an additional 759 shares during the period. Activest Wealth Management boosted its holdings in Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company's stock valued at $31,000 after purchasing an additional 1,072 shares during the period. Washington Trust Advisors Inc. acquired a new stake in Keurig Dr Pepper in the 4th quarter worth $31,000. Rossby Financial LCC grew its position in 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 purchasing an additional 339 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company's stock worth $31,000 after purchasing an additional 451 shares during the period. 93.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Citigroup boosted their price objective 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. Weiss Ratings restated a "hold (c)" rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. 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 note on Thursday, August 13th. 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and an average target price of $34.94.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $31.84 on Wednesday. The business has a 50 day simple moving average of $31.16 and a 200 day simple moving average of $29.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The company has a market capitalization of $43.33 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.49 earnings per share. The business's revenue for the quarter was up 75.6% compared to the same quarter last year. On average, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Keurig Dr Pepper Company 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.

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