Jupiter Topco LLC Invests $8.33 Million in Keurig Dr Pepper, Inc $KDP

Jupiter Topco LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 254,446 shares of the company’s stock, valued at approximately $8,331,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. grew its position in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth approximately $31,000. Rossby Financial LCC boosted its stake in shares of Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in Keurig Dr Pepper by 67.6% during the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 451 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of 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 valued at $34,000 after acquiring an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity

In related news, Director Aaron E. Alt bought 7,862 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the topic of several research reports. UBS Group upped their price objective on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They set an “overweight” rating and a $38.00 price target on the stock. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Finally, Wells Fargo & Company set a $37.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $34.94.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $32.18 on Monday. The stock’s 50-day simple moving average is $31.24 and its 200 day simple moving average is $29.50. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $43.79 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 EPS 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 firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 75.6% on a year-over-year basis. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

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.