Twin Tree Management LP Makes New $2.21 Million Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• Twin Tree Management acquired 67,490 shares of Keurig Dr Pepper worth approximately $2.21 million during the second quarter. Several other institutions also initiated positions, and institutional investors collectively own 93.99% of the company.
• Analyst sentiment is favorable, with 11 Buy ratings and eight Holds producing a “Moderate Buy” consensus and an average price target of $34.94. Recent targets range from $38 to $42.
• Keurig Dr Pepper reported quarterly EPS of $0.57, exceeding estimates by $0.03, while revenue reached $7.31 billion and rose 75.6% year over year. The stock opened at $32.04, up 1.2%, with a market capitalization of $43.6 billion.

Twin Tree Management LP bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 67,490 shares of the company's stock, valued at approximately $2,209,000.

Several other hedge funds have also made changes to their positions in KDP. Bank of Nova Scotia acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $8,324,000. Daiichi Life Insurance Co. Ltd. acquired a new position in Keurig Dr Pepper in the second quarter valued at approximately $1,725,000. Commerce Bank acquired a new position in Keurig Dr Pepper in the second quarter valued at approximately $672,000. Northwestern Mutual Wealth Management Co. purchased a new position in Keurig Dr Pepper in the second quarter worth approximately $783,000. Finally, Evolve Private Wealth LLC purchased a new position in Keurig Dr Pepper in the second quarter worth approximately $223,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley began coverage on Keurig Dr Pepper in a research report on Thursday. They issued an "overweight" rating and a $38.00 target price on the stock. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a report on Thursday, June 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.94.

Keurig Dr Pepper Stock Up 1.2%

NASDAQ:KDP opened at $32.04 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The stock's fifty day moving average is $31.15 and its two-hundred day moving average is $29.35. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.59. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business 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 posted $0.49 earnings per share. The company's quarterly revenue was up 75.6% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

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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