TradeLink Capital LLC Takes Position in Keurig Dr Pepper Inc (KDP)

TradeLink Capital LLC acquired a new position in shares of Keurig Dr Pepper Inc (NYSE:KDP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 holdings, making the stock its 3rd biggest position.

KDP has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 18th. They set a “neutral” rating and a $26.00 target price on the stock. ValuEngine cut shares of Keurig Dr Pepper from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Stifel Nicolaus initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 11th. They set a “hold” rating and a $20.00 target price on the stock. Bank of America set a $30.00 target price on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a research report on Monday, July 16th. Finally, Susquehanna Bancshares initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, July 25th. They set a “positive” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.00.

KDP opened at $23.70 on Friday. The firm has a market capitalization of $4.30 billion, a P/E ratio of 5.25, a P/E/G ratio of 1.53 and a beta of 0.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.62 and a current ratio of 0.93. Keurig Dr Pepper Inc has a 12-month low of $20.46 and a 12-month high of $126.65.

Keurig Dr Pepper (NYSE:KDP) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $1.01. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Keurig Dr Pepper had a net margin of 16.10% and a return on equity of 33.68%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. equities research analysts anticipate that Keurig Dr Pepper Inc will post 1.04 EPS for the current fiscal year.

In related news, Director Robert S. Singer purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average cost of $23.75 per share, with a total value of $237,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.58% of the company’s stock.

Keurig Dr Pepper Company 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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