Odyssean LLC Acquires 22,963 Shares of Keurig Dr Pepper, Inc $KDP

Odyssean LLC lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 215.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,619 shares of the company’s stock after buying an additional 22,963 shares during the period. Odyssean LLC’s holdings in Keurig Dr Pepper were worth $1,100,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KDP. Meeder Asset Management Inc. boosted its holdings in shares of Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after purchasing an additional 1,023 shares during the last quarter. Rossby Financial LCC raised its holdings in shares of 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 purchasing an additional 339 shares during the last quarter. Activest Wealth Management lifted its position in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. purchased a new stake in Keurig Dr Pepper in the fourth quarter worth approximately $31,000. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $32.21 on Thursday. 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, Inc has a 12 month low of $24.88 and a 12 month high of $33.82. The stock has a market cap of $43.83 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 1.42 and a beta of 0.40. The company’s 50 day moving average is $31.18 and its two-hundred day moving average is $29.45.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm’s revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

KDP has been the subject of a number of research analyst reports. Citigroup lifted 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. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, August 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a report on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.