Hsbc Holdings PLC Boosts Position in Keurig Dr Pepper, Inc $KDP

Hsbc Holdings PLC raised its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 37.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,252,088 shares of the company’s stock after purchasing an additional 890,861 shares during the period. Hsbc Holdings PLC owned 0.24% of Keurig Dr Pepper worth $107,163,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC lifted its stake in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Keurig Dr Pepper during the second quarter worth approximately $328,000. Finally, Jump Financial LLC raised its position in 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 during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Aaron E. Alt bought 7,862 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $32.70, for a total value of $310,650.00. Following the transaction, the vice president owned 55,786 shares of the company’s stock, valued at approximately $1,824,202.20. This trade represents a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is owned by corporate insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.59 on Monday. 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 cap of $44.35 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.54 and a beta of 0.40. The stock’s 50 day moving average price is $31.29 and its 200 day moving average price is $29.60. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KDP. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Finally, Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.