NEOS Investment Management LLC Raises Holdings in Keurig Dr Pepper, Inc $KDP

NEOS Investment Management LLC lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,037,965 shares of the company’s stock after acquiring an additional 122,886 shares during the quarter. NEOS Investment Management LLC’s holdings in Keurig Dr Pepper were worth $33,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in KDP. BlackRock Inc. bought a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at about $4,697,645,000. T. Rowe Price Investment Management Inc. purchased a new position in Keurig Dr Pepper in the fourth quarter valued at about $727,667,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Keurig Dr Pepper in the second quarter worth about $767,105,000. Norges Bank purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at about $568,361,000. Finally, Capital International Investors boosted its holdings in shares of Keurig Dr Pepper by 1,987.4% in the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after buying an additional 16,050,437 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $32.88 on Friday. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $33.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The firm has a market capitalization of $44.74 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.55 and a beta of 0.40. The stock’s 50-day simple moving average is $31.31 and its 200-day simple moving average is $29.58.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. Keurig Dr Pepper’s revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In related news, Director Aaron Alt purchased 7,862 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price 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 in the company, valued at approximately $250,247.46. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KDP shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price for the company. Barclays raised their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $34.94.

About Keurig Dr Pepper

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.