Saudi Central Bank Increases Stock Position in Keurig Dr Pepper, Inc $KDP

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

Several other large investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of Keurig Dr Pepper by 30.6% in the first 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 in the last quarter. Empowered Funds LLC boosted its position in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares in the last quarter. Woodline Partners LP grew its stake in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth $328,000. Finally, Jump Financial LLC increased its holdings in shares of Keurig Dr Pepper by 253.6% in the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after purchasing an additional 54,571 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Keurig Dr Pepper

In other news, Director Aaron Alt acquired 7,862 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the purchase, the director directly owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Angela Stephens sold 9,500 shares of Keurig Dr Pepper stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total transaction of $310,650.00. Following the sale, the vice president directly owned 55,786 shares in the company, valued at $1,824,202.20. This trade represents a 14.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of a number of research reports. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper Price Performance

KDP opened at $32.59 on Tuesday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82. The business has a 50-day moving average of $31.27 and a two-hundred day moving average of $29.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock has a market capitalization of $44.35 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share 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% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. On average, research analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

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.