Fidelity National Financial Inc. Takes $17.94 Million Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Fidelity National Financial purchased 548,000 shares of Keurig Dr Pepper worth approximately $17.94 million, making KDP its 18th-largest portfolio holding. Institutional investors collectively own 93.99% of the company.
• KDP shares recently traded at $30.79, up 1.7%. The company exceeded quarterly expectations with $0.57 in EPS versus $0.54 estimated and revenue of $7.31 billion, up 75.6% year over year.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $34.75; recent targets range as high as $40.

Fidelity National Financial Inc. purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 548,000 shares of the company's stock, valued at approximately $17,936,000. Keurig Dr Pepper comprises about 0.6% of Fidelity National Financial Inc.'s investment portfolio, making the stock its 18th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper during the 4th quarter worth $26,000. Meeder Asset Management Inc. grew its holdings 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 position in Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company's stock worth $34,000 after purchasing an additional 1,023 shares during the last quarter. Rossby Financial LCC increased its position in Keurig Dr Pepper by 45.1% during the fourth 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, 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 last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 1.7%

Shares of NASDAQ KDP opened at $30.79 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $41.90 billion, a PE ratio of 31.10, a PEG ratio of 1.40 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The stock has a fifty day simple moving average of $31.14 and a 200-day simple moving average of $29.28.

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 (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.Keurig Dr Pepper's revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

KDP has been the topic of several analyst reports. UBS Group lifted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Zacks Research lowered Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Thursday, August 13th. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Finally, Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and an average target price of $34.75.

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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