15,872 Shares in Keurig Dr Pepper, Inc $KDP Acquired by Man Group plc

Man Group plc bought a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,872 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares during the last quarter. Washington Trust Advisors Inc. acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $31,000. Rossby Financial LCC increased its holdings in shares of 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. GW&K Investment Management LLC raised its stake in shares of 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 worth $31,000 after purchasing an additional 451 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Activity

In other news, Director Aaron Alt purchased 7,862 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Up 0.9%

Shares of KDP stock opened at $32.88 on Friday. The stock has a 50 day moving average of $31.31 and a 200 day moving average of $29.58. 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 market cap of $44.74 billion, a P/E ratio of 33.21, a P/E/G ratio of 1.55 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KDP shares. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Finally, Citigroup raised their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.