UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 116,148 Shares of Keurig Dr Pepper, Inc $KDP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,368,013 shares of the company's stock after selling 116,148 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.84% of Keurig Dr Pepper worth $372,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company's stock valued at $530,000 after purchasing an additional 3,627 shares during the last quarter. Empowered Funds LLC grew its stake in Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock worth $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP grew its stake in Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company's stock worth $3,452,000 after buying an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $328,000. Finally, Jump Financial LLC increased its position in Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company's stock valued at $2,516,000 after buying an additional 54,571 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.18 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The stock has a 50-day moving average of $31.24 and a two-hundred day moving average of $29.50. The stock has a market cap of $43.79 billion, a P/E ratio of 32.51, a P/E/G ratio of 1.43 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company's revenue was up 75.6% on a year-over-year basis. As a group, research analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Aaron E. Alt purchased 7,862 shares of Keurig Dr Pepper stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, with a total value of $250,247.46. Following the transaction, the director owned 7,862 shares of the company's stock, valued at $250,247.46. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KDP shares. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Thursday, August 13th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a report on Thursday, June 25th. UBS Group increased their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, Citigroup boosted their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.94.

Keurig Dr Pepper 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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