Kayne Anderson Rudnick Investment Management LLC Acquires 25,971 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Keurig Dr Pepper, Inc by 25.9%, acquiring an additional 25,971 shares, resulting in a total holding of 126,099 shares valued at approximately $4.32 million.
• A number of institutional investors, including Vanguard Group and JPMorgan Chase & Co., have also significantly increased their positions in Keurig Dr Pepper, with Vanguard Group raising its holdings by 21.3% and JPMorgan by 108.1% in the first quarter.
• Keurig Dr Pepper's stock has seen a decline of 11.5%, with current trading at $31.10, while the company's market cap stands at $42.25 billion with a PE ratio of 27.77.

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 25.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,099 shares of the company's stock after buying an additional 25,971 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Keurig Dr Pepper were worth $4,315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KDP. MML Investors Services LLC boosted its stake in Keurig Dr Pepper by 10.8% during the fourth quarter. MML Investors Services LLC now owns 50,367 shares of the company's stock worth $1,618,000 after buying an additional 4,928 shares in the last quarter. MGO One Seven LLC boosted its stake in Keurig Dr Pepper by 6.2% during the fourth quarter. MGO One Seven LLC now owns 13,172 shares of the company's stock worth $423,000 after buying an additional 771 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Keurig Dr Pepper by 6.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 13,087 shares of the company's stock worth $420,000 after buying an additional 801 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Keurig Dr Pepper by 14.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 10,288 shares of the company's stock worth $330,000 after buying an additional 1,316 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in Keurig Dr Pepper by 0.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 143,485 shares of the company's stock worth $4,609,000 after buying an additional 1,268 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Trading Down 0.7%

NASDAQ:KDP traded down $0.20 on Friday, hitting $29.09. 22,200,454 shares of the stock were exchanged, compared to its average volume of 12,628,653. The stock has a market capitalization of $39.52 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.63 and a beta of 0.45. Keurig Dr Pepper, Inc has a 52 week low of $28.70 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64. The company's 50-day moving average price is $33.45 and its 200 day moving average price is $33.60.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KDP shares. Hsbc Global Res downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. UBS Group reduced their target price on shares of Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Tuesday. Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, HSBC restated a "hold" rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.38.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company's stock, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director De Ven Michael G. Van purchased 15,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was bought at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 679,601 shares of company stock valued at $22,508,712 in the last ninety days. 0.40% of the stock is owned by insiders.

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.