Jump Financial LLC Sells 205,221 Shares of Keurig Dr Pepper, Inc $KDP

Jump Financial LLC cut its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 90.5% in the first quarter, Holdings Channel reports. The fund owned 21,518 shares of the company’s stock after selling 205,221 shares during the period. Jump Financial LLC’s holdings in Keurig Dr Pepper were worth $736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KDP. Tudor Investment Corp ET AL lifted its holdings in shares of Keurig Dr Pepper by 10.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 17,362 shares of the company’s stock valued at $558,000 after acquiring an additional 1,597 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Keurig Dr Pepper by 15.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 721,070 shares of the company’s stock worth $23,161,000 after acquiring an additional 95,409 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Keurig Dr Pepper by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,157,427 shares of the company’s stock worth $69,295,000 after acquiring an additional 120,793 shares during the last quarter. Benjamin Edwards Inc. increased its position in Keurig Dr Pepper by 2.9% in the 4th quarter. Benjamin Edwards Inc. now owns 17,218 shares of the company’s stock valued at $553,000 after acquiring an additional 493 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $1,278,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $29.09 on Friday. The stock has a market capitalization of $39.52 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.59 and a beta of 0.45. Keurig Dr Pepper, Inc has a 1-year low of $28.70 and a 1-year high of $38.28. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $33.36 and a two-hundred day moving average price of $33.60.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Equities analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

KDP has been the topic of several research analyst reports. Jefferies Financial Group set a $41.00 price target on shares of Keurig Dr Pepper in a research note on Monday, August 25th. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, July 17th. Barclays increased their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Hsbc Global Res lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, HSBC reaffirmed a “hold” rating and set a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.38.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the sale, the insider directly owned 82,511 shares of the company’s stock, valued at $2,777,320.26. This represents a 12.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director De Ven Michael G. Van purchased 15,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was bought at an average cost of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at $498,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 679,601 shares of company stock valued at $22,508,712 in the last ninety days. 0.40% of the stock is owned by insiders.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.