National Pension Service Raises Holdings in Keurig Dr Pepper, Inc $KDP

Key Points

• National Pension Service increased its Keurig Dr Pepper stake by 7% in the second quarter, adding 173,128 shares to own 2.65 million shares valued at approximately $86.7 million. Institutional investors collectively hold 93.99% of KDP.
• Analysts maintain a generally favorable outlook, with 11 Buy ratings and eight Hold ratings producing a consensus “Moderate Buy” rating and a $34.94 price target.
• KDP exceeded quarterly expectations, reporting $0.57 earnings per share versus the $0.54 consensus and $7.31 billion in revenue. Revenue increased 75.6% year over year, while the stock recently traded at $31.39.

National Pension Service grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,649,801 shares of the company's stock after purchasing an additional 173,128 shares during the period. National Pension Service owned approximately 0.19% of Keurig Dr Pepper worth $86,728,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Community Bank N.A. purchased a new stake in Keurig Dr Pepper during the second quarter worth approximately $29,000. Meeder Asset Management Inc. lifted its holdings in shares of Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock valued at $26,000 after acquiring an additional 759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Keurig Dr Pepper by 102,300.0% during the 2nd 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 period. Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% during 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 period. Finally, GW&K Investment Management LLC increased its holdings in Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company's stock valued at $31,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KDP shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research note on Thursday, June 25th. UBS Group raised their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Citigroup upped their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $34.94.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.39 on Friday. The business's fifty day moving average price is $31.17 and its 200 day moving average price is $29.70. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82. The stock has a market capitalization of $42.72 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total transaction of $390,600.00. Following the completion of the sale, the insider owned 84,171 shares of the company's stock, valued at $2,739,766.05. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aaron Alt acquired 7,862 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the purchase, the director owned 7,862 shares of the company's stock, valued at $250,247.46. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.34% of the company's stock.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott's, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.

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