Private Capital Management LLC Grows Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Private Capital Management LLC boosted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 26.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,000 shares of the company’s stock after buying an additional 5,500 shares during the period. Private Capital Management LLC’s holdings in Keurig Dr Pepper were worth $797,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KDP. Riverview Trust Co purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC raised its position in Keurig Dr Pepper by 210.4% in the second quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $44,000 after purchasing an additional 894 shares during the period. Mather Group LLC. acquired a new position in Keurig Dr Pepper during the first quarter worth $45,000. EverSource Wealth Advisors LLC boosted its position in shares of Keurig Dr Pepper by 122.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company’s stock worth $46,000 after buying an additional 753 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Keurig Dr Pepper by 79.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,615 shares of the company’s stock valued at $54,000 after buying an additional 715 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the transaction, the insider now owns 12,565 shares in the company, valued at approximately $429,597.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Barclays lowered their price objective on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. TD Cowen lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, April 26th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They set a “neutral” rating and a $36.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Stock Up 0.2 %

Shares of KDP traded up $0.06 during mid-day trading on Friday, reaching $35.39. The company’s stock had a trading volume of 6,996,420 shares, compared to its average volume of 9,112,044. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $35.53. The stock has a market cap of $47.97 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. The company’s 50 day moving average is $33.76 and its 200 day moving average is $32.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.