Quantitative Systematic Strategies LLC Has $2 Million Holdings in Keurig Dr Pepper Inc. (NYSE:KDP)

Quantitative Systematic Strategies LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NYSE:KDP) by 30.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,579 shares of the company’s stock after buying an additional 16,882 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Keurig Dr Pepper were worth $2,003,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KDP. Signaturefd LLC raised its stake in Keurig Dr Pepper by 36.3% during the second quarter. Signaturefd LLC now owns 1,824 shares of the company’s stock worth $52,000 after buying an additional 486 shares during the last quarter. Arden Trust Co raised its stake in Keurig Dr Pepper by 2.8% during the third quarter. Arden Trust Co now owns 18,890 shares of the company’s stock worth $521,000 after buying an additional 523 shares during the last quarter. Financial Advocates Investment Management raised its stake in Keurig Dr Pepper by 4.3% during the third quarter. Financial Advocates Investment Management now owns 13,080 shares of the company’s stock worth $361,000 after buying an additional 543 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Keurig Dr Pepper by 5.3% during the second quarter. Glenmede Trust Co. NA now owns 11,728 shares of the company’s stock worth $332,000 after buying an additional 589 shares during the last quarter. Finally, CWM LLC raised its stake in Keurig Dr Pepper by 350.5% during the third quarter. CWM LLC now owns 901 shares of the company’s stock worth $25,000 after buying an additional 701 shares during the last quarter. Institutional investors own 31.12% of the company’s stock.

In other Keurig Dr Pepper news, Director Olivier Goudet acquired 20,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average cost of $29.06 per share, for a total transaction of $581,200.00. Following the completion of the acquisition, the director now directly owns 60,000 shares of the company’s stock, valued at $1,743,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Several equities research analysts have weighed in on KDP shares. Jefferies Financial Group lifted their price target on shares of Keurig Dr Pepper from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.83.

Shares of NYSE KDP traded down $0.15 during mid-day trading on Monday, reaching $29.15. 204,810 shares of the company’s stock traded hands, compared to its average volume of 4,551,161. The stock has a market cap of $41.23 billion, a P/E ratio of 35.92, a PEG ratio of 1.95 and a beta of 0.56. The business has a 50-day simple moving average of $28.49 and a 200 day simple moving average of $28.58. Keurig Dr Pepper Inc. has a 1-year low of $18.98 and a 1-year high of $31.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.31 and a quick ratio of 0.20.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.4 earnings per share for the current fiscal year.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment provides single-serve brewing systems and specialty coffee to home, offices, restaurants, cafeterias, convenience stores, and hotels, as well as produces and sells range of other specialty beverages in K-Cup pods, such as hot and iced teas, hot cocoa, and other beverages.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NYSE:KDP)

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