NEOS Investment Management LLC Acquires 122,886 Shares of Keurig Dr Pepper, Inc $KDP

NEOS Investment Management LLC grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,037,965 shares of the company’s stock after acquiring an additional 122,886 shares during the period. NEOS Investment Management LLC owned about 0.08% of Keurig Dr Pepper worth $33,973,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after acquiring an additional 39,156 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Keurig Dr Pepper by 47.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after purchasing an additional 57,797 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Keurig Dr Pepper by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after purchasing an additional 47,184 shares in the last quarter. Fidelity National Financial Inc. bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $15,349,000. Finally, Anchor Capital Advisors LLC grew its position in shares of Keurig Dr Pepper by 13.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after purchasing an additional 157,438 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $32.88 on Friday. The stock has a 50 day moving average price of $31.31 and a 200 day moving average price of $29.58. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. 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 firm has a market capitalization of $44.74 billion, a P/E ratio of 33.21, a P/E/G ratio of 1.55 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the company posted $0.49 EPS. Keurig Dr Pepper’s quarterly revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Insider Activity at Keurig Dr Pepper

In related news, Director Aaron Alt purchased 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred 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 of the company’s stock, valued at approximately $250,247.46. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KDP shares. Citigroup upped their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. UBS Group boosted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. HSBC raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, August 13th. Finally, Barclays lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

About Keurig Dr Pepper

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.