Fortis Capital Advisors LLC Acquires Shares of 17,942 Keurig Dr Pepper, Inc $KDP

Fortis Capital Advisors LLC acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,942 shares of the company’s stock, valued at approximately $614,000.

A number of other hedge funds have also recently bought and sold shares of KDP. EP Wealth Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at approximately $248,000. Focus Partners Wealth grew its stake in Keurig Dr Pepper by 225.7% during the 4th quarter. Focus Partners Wealth now owns 61,215 shares of the company’s stock valued at $1,967,000 after purchasing an additional 42,420 shares in the last quarter. Janus Henderson Group PLC grew its stake in Keurig Dr Pepper by 1.7% during the 4th quarter. Janus Henderson Group PLC now owns 157,359 shares of the company’s stock valued at $5,055,000 after purchasing an additional 2,579 shares in the last quarter. LRI Investments LLC grew its stake in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Keurig Dr Pepper by 47.9% during the 4th quarter. Lazard Asset Management LLC now owns 505,362 shares of the company’s stock valued at $16,231,000 after purchasing an additional 163,753 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 0.6%

NASDAQ:KDP opened at $27.44 on Thursday. Keurig Dr Pepper, Inc has a 12-month low of $27.10 and a 12-month high of $38.28. The firm has a market capitalization of $37.28 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.51 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40. The business has a 50 day simple moving average of $32.59 and a 200 day simple moving average of $33.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on KDP. Barclays raised their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, August 26th. Jefferies Financial Group set a $41.00 target price on Keurig Dr Pepper in a research report on Monday, August 25th. JPMorgan Chase & Co. decreased their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, July 17th. Finally, HSBC reiterated a “hold” rating and issued a $30.00 target price (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $38.38.

Insider Buying and Selling

In related news, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the transaction, the insider owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the sale, the director directly owned 2,292,169 shares in the company, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 459,601 shares of company stock valued at $15,228,872 in the last 90 days. Insiders own 0.40% of the company’s stock.

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.