NN Investment Partners Holdings N.V. Invests $1.61 Million in Keurig Dr Pepper Inc (KDP) Stock

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NN Investment Partners Holdings N.V. purchased a new stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 69,248 shares of the company’s stock, valued at approximately $1,605,000.

A number of other hedge funds have also made changes to their positions in KDP. Cerebellum GP LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $188,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at approximately $8,695,000. Oakbrook Investments LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $262,000. Essex Investment Management Co. LLC purchased a new stake in shares of Keurig Dr Pepper during the third quarter valued at approximately $444,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Keurig Dr Pepper in the third quarter worth $17,663,000. 11.56% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Brian Andrew Loucks purchased 13,050 shares of Keurig Dr Pepper stock in a transaction dated Thursday, September 6th. The stock was bought at an average price of $22.86 per share, with a total value of $298,323.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer purchased 10,000 shares of Keurig Dr Pepper stock in a transaction dated 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 disclosure for this purchase can be found here. In the last quarter, insiders have acquired 198,320 shares of company stock valued at $4,637,173. 0.58% of the stock is owned by insiders.

A number of analysts recently issued reports on KDP shares. Bank of America set a $30.00 price target on shares of Keurig Dr Pepper and gave the stock a “buy” rating in a research note on Monday, July 16th. Jefferies Financial Group dropped their price target on shares of Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, August 20th. Stifel Nicolaus started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, July 11th. They issued a “hold” rating and a $20.00 price target for the company. Macquarie set a $24.00 price target on shares of Keurig Dr Pepper and gave the stock a “hold” rating in a research note on Friday, October 12th. Finally, ValuEngine upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.38.

KDP stock opened at $27.21 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.93 and a quick ratio of 0.75. Keurig Dr Pepper Inc has a 1-year low of $20.46 and a 1-year high of $126.65. The firm has a market cap of $37.01 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 1.54 and a beta of 0.47.

Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Wednesday, August 8th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $1.01. Keurig Dr Pepper had a net margin of 15.98% and a return on equity of 39.52%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.85 billion. The business’s revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that Keurig Dr Pepper Inc will post 1.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.60 annualized dividend and a yield of 2.21%. Keurig Dr Pepper’s payout ratio is 13.22%.

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

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