Fidelity National Financial Inc. Acquires Shares of 548,000 Keurig Dr Pepper, Inc $KDP

Fidelity National Financial Inc. purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 548,000 shares of the company’s stock, valued at approximately $17,936,000. Keurig Dr Pepper accounts for 0.6% of Fidelity National Financial Inc.’s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of KDP. NewEdge Advisors LLC increased its position in Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after acquiring an additional 3,627 shares during the period. Empowered Funds LLC increased its holdings in shares of Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after purchasing an additional 49,741 shares during the period. Woodline Partners LP increased its holdings in shares of 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 purchasing an additional 33,258 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter worth approximately $328,000. Finally, Jump Financial LLC lifted its holdings in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after purchasing an additional 54,571 shares during the period. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 1.7%

NASDAQ:KDP opened at $30.79 on Wednesday. The stock has a fifty day moving average price of $31.14 and a two-hundred day moving average price of $29.28. The stock has a market capitalization of $41.90 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. 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. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

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.