Jupiter Topco LLC Buys Shares of 254,446 Keurig Dr Pepper, Inc $KDP

Jupiter Topco LLC bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, Holdings Channel reports. The fund bought 254,446 shares of the company’s stock, valued at approximately $8,331,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Meeder Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the last quarter. Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $31,000. Rossby Financial LCC grew its position in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after acquiring an additional 339 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 451 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after buying an additional 1,023 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

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

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $32.18 on Monday. The business’s 50-day moving average is $31.24 and its 200 day moving average is $29.50. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82. The company has a market capitalization 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. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating 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 analysts’ expectations of $7.23 billion. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 75.6% compared to the same quarter last year. On average, equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KDP has been the topic of several analyst reports. UBS Group lifted their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley initiated coverage on Keurig Dr Pepper in a report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 target price on the stock. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.94.

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.