TradeLink Capital LLC bought a new stake in Keurig Dr Pepper Inc (NYSE:KDP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,000 shares of the company’s stock, valued at approximately $2,806,000. Keurig Dr Pepper accounts for about 13.5% of TradeLink Capital LLC’s investment portfolio, making the stock its 3rd biggest holding.
KDP opened at $23.70 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.93 and a debt-to-equity ratio of 1.52. Keurig Dr Pepper Inc has a 52-week low of $20.46 and a 52-week high of $126.65. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.79.
Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $1.01. Keurig Dr Pepper had a net margin of 16.10% and a return on equity of 33.68%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.85 billion. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. research analysts predict that Keurig Dr Pepper Inc will post 1.04 earnings per share for the current fiscal year.
In other Keurig Dr Pepper news, Director Robert S. Singer acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was bought at an average cost of $23.75 per share, for a total transaction of $237,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is owned by insiders.
A number of research firms recently issued reports on KDP. ValuEngine downgraded shares of Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Citigroup boosted their target price on shares of Keurig Dr Pepper from $15.46 to $26.00 and gave the company a “neutral” rating in a report on Friday. Susquehanna Bancshares began coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 25th. They issued a “positive” rating and a $33.00 target price for the company. Bank of America set a $30.00 target price on shares of Keurig Dr Pepper and gave the company a “buy” rating in a report on Monday, July 16th. Finally, Stifel Nicolaus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 11th. They issued a “hold” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.00.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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