T. Rowe Price Investment Management Inc. Boosts Holdings in Keurig Dr Pepper, Inc $KDP

T. Rowe Price Investment Management Inc. grew its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 981.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,514,608 shares of the company’s stock after acquiring an additional 2,282,050 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.19% of Keurig Dr Pepper worth $86,050,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Commerce Bank boosted its holdings in Keurig Dr Pepper by 1.6% in the first quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after acquiring an additional 340 shares in the last quarter. First American Bank boosted its holdings in Keurig Dr Pepper by 0.6% in the first quarter. First American Bank now owns 59,564 shares of the company’s stock valued at $2,038,000 after acquiring an additional 344 shares in the last quarter. Allworth Financial LP boosted its holdings in Keurig Dr Pepper by 3.8% in the first quarter. Allworth Financial LP now owns 10,242 shares of the company’s stock valued at $353,000 after acquiring an additional 371 shares in the last quarter. Citadel Investment Advisory Inc. boosted its holdings in Keurig Dr Pepper by 6.6% in the first quarter. Citadel Investment Advisory Inc. now owns 6,445 shares of the company’s stock valued at $221,000 after acquiring an additional 400 shares in the last quarter. Finally, Hartford Funds Management Co LLC boosted its holdings in Keurig Dr Pepper by 1.2% in the first quarter. Hartford Funds Management Co LLC now owns 34,497 shares of the company’s stock valued at $1,180,000 after acquiring an additional 413 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $35.20 on Friday. Keurig Dr Pepper, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company has a 50 day simple moving average of $33.67 and a two-hundred day simple moving average of $33.61. The company has a market capitalization of $47.82 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.64.

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

Analysts Set New Price Targets

Several research firms recently weighed in on KDP. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, July 28th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $42.00 in a report on Friday, April 25th. JPMorgan Chase & Co. cut 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 report on Thursday, July 17th. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Finally, UBS Group dropped their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.77.

Insider Transactions at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $32.92, for a total value of $395,040.00. Following the completion of the transaction, the insider owned 118,511 shares of the company’s stock, valued at $3,901,382.12. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, 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 672,000 shares of company stock valued at $22,235,760 in the last quarter. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Company Profile

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.