XTX Topco Ltd Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

XTX Topco Ltd purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 29,739 shares of the company’s stock, valued at approximately $1,049,000.

A number of other hedge funds also recently made changes to their positions in the stock. Ahrens Investment Partners LLC acquired a new position in Keurig Dr Pepper in the 1st quarter worth $27,000. Resurgent Financial Advisors LLC bought a new position in Keurig Dr Pepper in the 4th quarter worth about $34,000. Kepos Capital LP bought a new position in Keurig Dr Pepper in the 4th quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $36,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 52.29% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Karin Rotem-Wildeman acquired 47,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $34.37 per share, for a total transaction of $1,615,390.00. Following the purchase, the insider now owns 56,514 shares in the company, valued at $1,942,386.18. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Thursday, July 6th. UBS Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and increased their target price for the company from $37.00 to $42.00 in a research note on Tuesday, August 15th. Wedbush cut their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 in a research note on Tuesday, July 11th. Finally, StockNews.com started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, August 23rd. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and an average price target of $37.10.

Keurig Dr Pepper Stock Up 0.2 %

KDP stock opened at $33.36 on Friday. The firm has a market capitalization of $46.61 billion, a P/E ratio of 29.26, a P/E/G ratio of 2.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.39 and a quick ratio of 0.24. The company’s 50 day simple moving average is $32.96 and its 200-day simple moving average is $33.01. Keurig Dr Pepper Inc. has a 52-week low of $30.47 and a 52-week high of $39.73.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.69 billion. Keurig Dr Pepper had a net margin of 11.00% and a return on equity of 9.72%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.78 EPS for the current year.

Keurig Dr Pepper Profile

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 manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.