Moore Capital Management LP Takes Position in Keurig Dr Pepper, Inc $KDP

Moore Capital Management LP acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 323,376 shares of the company’s stock, valued at approximately $10,584,000.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Meeder Asset Management Inc. boosted its stake in 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 purchasing an additional 759 shares in the last quarter. Washington Trust Advisors Inc. bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $31,000. Rossby Financial LCC raised its stake in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after buying an additional 339 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of Keurig Dr Pepper by 67.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after buying an additional 451 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in 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 buying an additional 1,023 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Keurig Dr Pepper news, Director Aaron E. Alt bought 7,862 shares of the stock in a transaction on Tuesday, August 25th. The shares were bought at an average price of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on KDP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Wells Fargo & Company set a $37.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. HSBC raised 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. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Finally, UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a report 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 Price Performance

NASDAQ KDP opened at $32.18 on Monday. 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 1 year low of $24.88 and a 1 year high of $33.82. The company has a market cap of $43.79 billion, a PE ratio of 32.51, a PEG ratio of 1.43 and a beta of 0.40. The stock’s 50-day moving average price is $31.24 and its two-hundred day moving average price is $29.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its 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. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 75.6% on a year-over-year basis. On average, analysts predict that Keurig Dr Pepper, Inc will post 2.3 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.