Keurig Dr Pepper, Inc $KDP Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 27.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 516,456 shares of the company’s stock after acquiring an additional 112,519 shares during the period. NorthRock Partners LLC’s holdings in Keurig Dr Pepper were worth $16,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares in the last quarter. Empowered Funds LLC increased its position in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after buying an additional 49,741 shares during the period. Woodline Partners LP lifted its stake in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at approximately $328,000. Finally, Jump Financial LLC boosted its holdings in shares of Keurig Dr Pepper by 253.6% in the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after acquiring an additional 54,571 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other news, VP Angela A. Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the completion of the sale, the vice president directly owned 55,786 shares in the company, valued at approximately $1,824,202.20. This trade represents a 14.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aaron E. Alt bought 7,862 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the transaction, the director owned 7,862 shares of the company’s stock, valued at $250,247.46. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.34% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $32.55 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The stock has a 50 day simple moving average of $31.27 and a 200-day simple moving average of $29.65. The company has a market cap of $44.29 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82.

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. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 75.6% compared to the same quarter last year. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on KDP. Barclays lifted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Citigroup raised their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. HSBC upgraded 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 restated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a report on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.