Keurig Dr Pepper, Inc $KDP Shares Acquired by Poehling Capital Management INC.

Poehling Capital Management INC. increased its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,467 shares of the company’s stock after purchasing an additional 40,205 shares during the quarter. Poehling Capital Management INC.’s holdings in Keurig Dr Pepper were worth $3,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. Root Financial Partners LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter worth $26,000. Salomon & Ludwin LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth $26,000. Clearstead Trust LLC grew its stake in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares in the last quarter. Finally, Activest Wealth Management grew its stake in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 2.0%

Keurig Dr Pepper stock opened at $28.85 on Wednesday. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The company has a market capitalization of $39.25 billion, a P/E ratio of 21.37, a PEG ratio of 1.34 and a beta of 0.41. The stock has a 50-day simple moving average of $27.33 and a 200-day simple moving average of $27.83.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company lowered their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Citigroup lowered their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.57.

Keurig Dr Pepper Company 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.