Plaisance Capital LLC cut its stake in Keurig Dr Pepper Inc (NYSE:KDP) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,600 shares of the company’s stock after selling 1,800 shares during the period. Keurig Dr Pepper makes up 1.0% of Plaisance Capital LLC’s investment portfolio, making the stock its 20th largest position. Plaisance Capital LLC’s holdings in Keurig Dr Pepper were worth $897,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC grew its holdings in shares of Keurig Dr Pepper by 0.9% during the 1st quarter. Level Four Advisory Services LLC now owns 48,303 shares of the company’s stock worth $1,175,000 after purchasing an additional 408 shares during the period. Signaturefd LLC grew its stake in Keurig Dr Pepper by 36.3% during the second quarter. Signaturefd LLC now owns 1,824 shares of the company’s stock worth $52,000 after buying an additional 486 shares during the period. Sowell Financial Services LLC increased its position in shares of Keurig Dr Pepper by 57.1% in the first quarter. Sowell Financial Services LLC now owns 1,477 shares of the company’s stock worth $36,000 after acquiring an additional 537 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 1.9% in the 1st quarter. Cadence Capital Management LLC now owns 38,626 shares of the company’s stock valued at $937,000 after acquiring an additional 707 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Keurig Dr Pepper by 12.7% during the 1st quarter. Schroder Investment Management Group now owns 7,213 shares of the company’s stock valued at $177,000 after acquiring an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 31.12% of the company’s stock.
Shares of NYSE:KDP traded down $0.26 during midday trading on Friday, reaching $29.54. The company had a trading volume of 3,799,700 shares, compared to its average volume of 5,277,138. The stock has a market capitalization of $41.93 billion, a P/E ratio of 22.90, a PEG ratio of 2.00 and a beta of 0.56. The stock’s fifty day moving average price is $29.90 and its 200-day moving average price is $27.67. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.31 and a quick ratio of 0.20. Keurig Dr Pepper Inc has a one year low of $18.98 and a one year high of $32.00.
Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Keurig Dr Pepper Inc will post 1.4 earnings per share for the current year.
Several equities research analysts have recently weighed in on KDP shares. Jefferies Financial Group upped their target price on Keurig Dr Pepper from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $33.00 in a research note on Thursday, July 9th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Wednesday, August 26th. Finally, Evercore ISI raised shares of Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Keurig Dr Pepper has an average rating of “Buy” and an average price target of $34.00.
In other Keurig Dr Pepper news, Director Robert S. Singer acquired 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $28.14 per share, with a total value of $28,140.00. Following the transaction, the director now directly owns 65,500 shares in the company, valued at $1,843,170. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Holdings B.V. Jab sold 45,000,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $29.00, for a total transaction of $1,305,000,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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