Qsemble Capital Management LP Trims Stake in Keurig Dr Pepper, Inc $KDP

Qsemble Capital Management LP reduced its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,426 shares of the company’s stock after selling 43,051 shares during the period. Qsemble Capital Management LP’s holdings in Keurig Dr Pepper were worth $5,502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. AustralianSuper Pty Ltd bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth $1,217,000. Bank of New York Mellon Corp lifted its holdings in shares of Keurig Dr Pepper by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after acquiring an additional 223,160 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of Keurig Dr Pepper by 50.9% during the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after acquiring an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Keurig Dr Pepper by 69.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after acquiring an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Keurig Dr Pepper by 83.7% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after acquiring an additional 93,374 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KDP shares. Barclays boosted their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Citigroup lowered their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $28.93 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $39.36 billion, a PE ratio of 21.43, a P/E/G ratio of 1.33 and a beta of 0.41. The firm has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $27.83. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

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.