Twin Tree Management LP Acquires New Position in Keurig Dr Pepper, Inc $KDP

Twin Tree Management LP bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 67,490 shares of the company’s stock, valued at approximately $2,209,000.

A number of other hedge funds also recently added to or reduced their stakes in KDP. Meeder Asset Management Inc. grew its stake in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares in the last quarter. Activest Wealth Management raised its stake in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $31,000. Rossby Financial LCC boosted its holdings in Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in 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 purchasing an additional 451 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $32.04 on Friday. The company has a market cap of $43.60 billion, a P/E ratio of 32.36, a PEG ratio of 1.43 and a beta of 0.40. The firm has a fifty day moving average price of $31.15 and a 200 day moving average price of $29.35. 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 12 month low of $24.88 and a 12 month high of $35.59.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion for 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%.Keurig Dr Pepper’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KDP has been the subject of several analyst reports. 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. UBS Group lifted their price objective on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, Citigroup raised their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.