Osmosis Investment Management UK Ltd Takes $12.03 Million Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Osmosis Investment Management acquired 367,489 shares of Keurig Dr Pepper worth approximately $12.03 million, while institutional investors collectively own 93.99% of the company.
• Wall Street’s consensus rating is “Moderate Buy”, with 11 Buy ratings and eight Holds; the average price target is $34.94, including targets of $37 from Citigroup and Wells Fargo and $39 from Bernstein.
• Keurig Dr Pepper exceeded quarterly expectations, reporting $0.57 in EPS versus $0.54 expected and $7.31 billion in revenue. Revenue increased 75.6% year over year, while shares opened at $32.04.

Osmosis Investment Management UK Ltd acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 367,489 shares of the company's stock, valued at approximately $12,028,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Keurig Dr Pepper by 290.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company's stock valued at $1,475,000 after buying an additional 39,156 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company's stock worth $5,030,000 after buying an additional 57,797 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Keurig Dr Pepper by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company's stock worth $43,489,000 after buying an additional 47,184 shares in the last quarter. Anchor Capital Advisors LLC grew its position in Keurig Dr Pepper by 13.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company's stock valued at $36,357,000 after acquiring an additional 157,438 shares during the last quarter. Finally, Fidelity National Financial Inc. bought a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $15,349,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on KDP. Zacks Research downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Citigroup increased their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a report on Wednesday, July 1st. Finally, Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.94.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $32.04 on Monday. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.43 and a beta of 0.40. The business's fifty day moving average is $31.15 and its 200 day moving average is $29.37. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.59. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly 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. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the business earned $0.49 EPS. Keurig Dr Pepper's quarterly revenue was up 75.6% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

About Keurig Dr Pepper

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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