Amundi Purchases 1,705,572 Shares of Keurig Dr Pepper, Inc $KDP

Amundi raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 30.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,381,268 shares of the company's stock after buying an additional 1,705,572 shares during the quarter. Amundi owned about 0.54% of Keurig Dr Pepper worth $241,589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Keurig Dr Pepper in the second quarter valued at approximately $4,697,645,000. California State Teachers Retirement System grew its stake in Keurig Dr Pepper by 2,997.3% during the 2nd quarter. California State Teachers Retirement System now owns 68,048,910 shares of the company's stock worth $2,079,099,000 after buying an additional 65,851,849 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in Keurig Dr Pepper during the 4th quarter worth $727,667,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $767,105,000. Finally, Norges Bank purchased a new stake in Keurig Dr Pepper in the fourth quarter valued at about $568,361,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In related news, Director Aaron E. Alt purchased 7,862 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director owned 7,862 shares of the company's stock, valued at $250,247.46. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela A. Stephens sold 9,500 shares of the business's stock in a transaction on 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 sale, the vice president directly owned 55,786 shares of the company's stock, valued at approximately $1,824,202.20. The trade was a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.34% of the company's stock.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $32.59 on Tuesday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. The stock has a market cap of $44.35 billion, a P/E ratio of 32.92, a P/E/G ratio of 1.54 and a beta of 0.40. The stock has a 50 day moving average of $31.27 and a 200 day moving average of $29.63. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business's quarterly revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. Barclays raised their price target 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 lifted their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a report on Thursday, August 13th. Finally, Zacks Research lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus target price of $34.94.

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.

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