Trustcore Financial Services LLC boosted its holdings in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 270.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,836 shares of the company’s stock after purchasing an additional 1,341 shares during the quarter. Trustcore Financial Services LLC’s holdings in Keurig Dr Pepper were worth $53,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. GWM Advisors LLC bought a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $31,000. Versant Capital Management Inc increased its stake in Keurig Dr Pepper by 751.3% in the 1st quarter. Versant Capital Management Inc now owns 1,328 shares of the company’s stock worth $37,000 after acquiring an additional 1,172 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Keurig Dr Pepper in the 1st quarter worth approximately $40,000. Trust Co. of Vermont increased its stake in Keurig Dr Pepper by 177.8% in the 1st quarter. Trust Co. of Vermont now owns 1,500 shares of the company’s stock worth $42,000 after acquiring an additional 960 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in Keurig Dr Pepper by 3,634.0% in the 1st quarter. CENTRAL TRUST Co now owns 1,755 shares of the company’s stock worth $49,000 after acquiring an additional 1,708 shares during the last quarter. 14.26% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on KDP shares. Credit Suisse Group started coverage on Keurig Dr Pepper in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 price objective on the stock. BMO Capital Markets raised Keurig Dr Pepper from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. ValuEngine raised Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley downgraded Keurig Dr Pepper from an “equal weight” rating to an “underweight” rating and set a $27.30 price objective on the stock. in a research note on Thursday, April 11th. Finally, Zacks Investment Research raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, June 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Keurig Dr Pepper currently has an average rating of “Hold” and a consensus target price of $29.08.
Keurig Dr Pepper (NYSE:KDP) last announced its earnings results on Thursday, May 9th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Keurig Dr Pepper had a return on equity of 8.95% and a net margin of 9.39%. The business’s revenue for the quarter was up 164.1% on a year-over-year basis. Equities analysts expect that Keurig Dr Pepper Inc will post 1.22 EPS for the current fiscal year.
In other news, major shareholder Holdings B.V. Maple sold 52,902,300 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.77, for a total value of $1,469,096,871.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer bought 2,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was bought at an average price of $28.98 per share, with a total value of $57,960.00. The disclosure for this purchase can be found here. 0.44% of the stock is currently owned by insiders.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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