Northwestern Mutual Wealth Management Co. Sells 42,342 Shares of Keurig Dr Pepper, Inc $KDP

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 63.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,929 shares of the company’s stock after selling 42,342 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Keurig Dr Pepper were worth $783,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Keurig Dr Pepper by 47.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after buying an additional 57,797 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Keurig Dr Pepper by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after acquiring an additional 47,184 shares during the last quarter. Fidelity National Financial Inc. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $15,349,000. Anchor Capital Advisors LLC grew its position in Keurig Dr Pepper by 13.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after acquiring an additional 157,438 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in Keurig Dr Pepper by 1,399.8% in the fourth quarter. Landscape Capital Management L.L.C. now owns 194,777 shares of the company’s stock worth $5,456,000 after purchasing an additional 181,790 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $32.59 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock’s fifty day moving average price is $31.29 and its 200 day moving average price is $29.60. 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 $44.35 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.54 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm’s revenue was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 9,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total value of $310,650.00. Following the completion of the transaction, the vice president directly owned 55,786 shares in the company, valued at $1,824,202.20. The trade was a 14.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aaron E. Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the purchase, the director owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. 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. Finally, JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.94.

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.