Saudi Central Bank Acquires 42,712 Shares of Keurig Dr Pepper, Inc $KDP

Saudi Central Bank increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDPFree Report) by 89.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,351 shares of the company’s stock after purchasing an additional 42,712 shares during the period. Saudi Central Bank’s holdings in Keurig Dr Pepper were worth $2,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KDP. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after acquiring an additional 39,156 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 57,797 shares during the period. Fidelity National Financial Inc. bought a new position in Keurig Dr Pepper during the 4th quarter worth about $15,349,000. Anchor Capital Advisors LLC increased its holdings in 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 buying an additional 157,438 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its stake in shares of Keurig Dr Pepper by 1,399.8% during the 4th 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 last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have commented on KDP. Citigroup increased their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Morgan Stanley initiated coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price on the stock. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday, August 13th. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Finally, Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.94.

View Our Latest Stock Report on Keurig Dr Pepper

Keurig Dr Pepper Stock Performance

KDP stock opened at $32.59 on Tuesday. 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 $33.82. The stock 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. The business’s 50-day moving average is $31.27 and its 200 day moving average is $29.63.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 7.10% and a return on equity of 10.80%. The firm’s quarterly revenue was up 75.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Keurig Dr Pepper Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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