Nykredit A S Acquires Shares of 270,919 Keurig Dr Pepper, Inc $KDP

Key Points

• Nykredit A S initiated a position in Keurig Dr Pepper by purchasing 270,919 shares worth approximately $8.9 million during the second quarter. Institutional investors collectively own 93.99% of KDP’s outstanding shares.
• Keurig Dr Pepper reported quarterly earnings of $0.57 per share, exceeding estimates by $0.03, while revenue reached $7.31 billion—up 75.6% year over year.
• Analyst sentiment is favorable, with an overall “Moderate Buy” rating and a consensus price target of $34.94; recent targets range from $37 to $42.

Nykredit A S bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 270,919 shares of the company's stock, valued at approximately $8,867,000.

Other institutional investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Keurig Dr Pepper by 205.7% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 335,318 shares of the company's stock valued at $10,975,000 after acquiring an additional 225,613 shares in the last quarter. Lone Peak Global Investors LLC boosted its stake in Keurig Dr Pepper by 6.2% in the 2nd quarter. Lone Peak Global Investors LLC now owns 1,098,204 shares of the company's stock worth $35,944,000 after purchasing an additional 63,646 shares in the last quarter. Teza Capital Management LLC bought a new position in Keurig Dr Pepper in the 2nd quarter worth about $241,000. Susquehanna Fundamental Investments LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter valued at about $5,099,000. Finally, Moore Capital Management LP bought a new stake in Keurig Dr Pepper during the 2nd quarter valued at about $10,584,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.59 on Friday. The firm has a market capitalization of $44.35 billion, a P/E ratio of 32.92, a PEG ratio of 1.54 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, Inc has a one year low of $24.88 and a one year high of $33.82. The business has a fifty day moving average of $31.29 and a 200 day moving average of $29.60.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share 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 analysts' expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business's quarterly revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Insider Buying and Selling at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 9,500 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the transaction, the vice president owned 55,786 shares of the company's stock, valued at $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Aaron E. Alt bought 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the acquisition, the director directly owned 7,862 shares of the company's stock, valued at approximately $250,247.46. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KDP. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a report on Thursday, August 13th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Citigroup increased their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.94.

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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