Man Group plc Takes $519,000 Position in Keurig Dr Pepper, Inc $KDP

Man Group plc bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 15,872 shares of the company’s stock, valued at approximately $519,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Auxier Asset Management lifted its holdings in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after purchasing an additional 318 shares in the last quarter. Rossby Financial LCC raised its position in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC raised its position in shares of Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after purchasing an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after buying an additional 420 shares in the last quarter. Finally, BOKF NA boosted its holdings in Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 425 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KDP shares. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Citigroup increased their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 8th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. Finally, Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Price Performance

KDP stock opened at $32.88 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market capitalization of $44.74 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.40. The business has a 50 day simple moving average of $31.31 and a 200-day simple moving average of $29.58.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Aaron Alt acquired 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, for a total transaction of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company’s stock.

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.