Keurig Dr Pepper, Inc $KDP Stake Raised by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP significantly increased its stake in Keurig Dr Pepper by 176.5%, owning 136,759 shares valued at approximately $4.68 million as of its recent SEC filing.
• Despite a 6.1% increase in year-over-year revenue, Keurig Dr Pepper's stock price has recently faced pressure, with analysts adjusting price targets down, including a decrease from $40.00 to $35.00 by UBS Group.
• Institutional investors hold a substantial 93.99% of Keurig Dr Pepper's stock, indicating strong overall confidence in the company among large financial entities.

Dark Forest Capital Management LP grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 176.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,759 shares of the company's stock after acquiring an additional 87,306 shares during the quarter. Dark Forest Capital Management LP's holdings in Keurig Dr Pepper were worth $4,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in KDP. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the first quarter worth $27,000. WPG Advisers LLC acquired a new stake in Keurig Dr Pepper in the first quarter worth $43,000. Continuum Advisory LLC increased its position in Keurig Dr Pepper by 82.5% in the first quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after buying an additional 602 shares during the period. Global Trust Asset Management LLC acquired a new stake in Keurig Dr Pepper in the first quarter worth $48,000. Finally, LRI Investments LLC increased its position in Keurig Dr Pepper by 65.6% in the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after buying an additional 605 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company's stock, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $33.66, for a total value of $403,920.00. Following the sale, the insider directly owned 82,511 shares of the company's stock, valued at approximately $2,777,320.26. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 459,601 shares of company stock valued at $15,228,872. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KDP has been the topic of several analyst reports. Barclays increased their target price on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Jefferies Financial Group set a $41.00 price target on Keurig Dr Pepper in a research note on Monday, August 25th. Deutsche Bank Aktiengesellschaft decreased their price target on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. UBS Group decreased their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Finally, HSBC reissued a "hold" rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.60 during trading hours on Friday, hitting $28.65. 21,094,736 shares of the stock traded hands, compared to its average volume of 18,428,686. The stock has a 50-day simple moving average of $32.94 and a 200 day simple moving average of $33.48. Keurig Dr Pepper, Inc has a one year low of $28.58 and a one year high of $38.28. The company has a market cap of $38.92 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.60 and a beta of 0.47. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

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

Keurig Dr Pepper Profile

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.