Keurig Dr Pepper, Inc $KDP Stock Holdings Increased by Tidal Investments LLC

Tidal Investments LLC raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,106 shares of the company’s stock after buying an additional 16,442 shares during the quarter. Tidal Investments LLC’s holdings in Keurig Dr Pepper were worth $7,400,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. National Pension Service raised its position in shares of Keurig Dr Pepper by 7.0% during the 2nd quarter. National Pension Service now owns 2,649,801 shares of the company’s stock valued at $86,728,000 after acquiring an additional 173,128 shares in the last quarter. Cidel Asset Management Inc. lifted its stake in Keurig Dr Pepper by 16.5% during the second quarter. Cidel Asset Management Inc. now owns 11,962 shares of the company’s stock worth $392,000 after purchasing an additional 1,690 shares during the last quarter. NorthRock Partners LLC boosted its holdings in Keurig Dr Pepper by 27.9% in the second quarter. NorthRock Partners LLC now owns 516,456 shares of the company’s stock worth $16,904,000 after purchasing an additional 112,519 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Keurig Dr Pepper by 4.5% in the second quarter. Integrated Wealth Concepts LLC now owns 57,947 shares of the company’s stock worth $1,897,000 after purchasing an additional 2,481 shares during the period. Finally, Community Bank N.A. bought a new stake in Keurig Dr Pepper during the second quarter valued at $29,000. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KDP. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Eleven research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.94.

Keurig Dr Pepper Stock Performance

KDP stock opened at $31.39 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. The stock has a market capitalization of $42.72 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.48 and a beta of 0.40. 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’s fifty day moving average is $31.17 and its two-hundred day moving average is $29.70.

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

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total value of $390,600.00. Following the sale, the insider directly owned 84,171 shares in the company, valued at $2,739,766.05. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aaron Alt bought 7,862 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were acquired at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.34% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.