Qsemble Capital Management LP Reduces Stock Holdings in Keurig Dr Pepper, Inc $KDP

Qsemble Capital Management LP decreased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 18.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 196,426 shares of the company’s stock after selling 43,051 shares during the period. Qsemble Capital Management LP’s holdings in Keurig Dr Pepper were worth $5,502,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after buying an additional 1,023 shares in the last quarter. Clearstead Trust LLC raised its stake in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares in the last quarter. Finally, Activest Wealth Management raised its stake in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $28.93 on Friday. The firm’s 50-day simple moving average is $27.29 and its two-hundred day simple moving average is $27.83. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The stock has a market cap of $39.36 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.33 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KDP. Citigroup decreased their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Zacks Research raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Evercore set a $30.00 price target on shares of Keurig Dr Pepper in a research note on Friday, April 24th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Wednesday, April 22nd. Finally, UBS Group increased their price target on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.57.

Keurig Dr Pepper Company Profile

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.