Schonfeld Strategic Advisors LLC Increases Position in Keurig Dr Pepper Inc (NYSE:KDP)

Schonfeld Strategic Advisors LLC increased its stake in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 581.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 587,203 shares of the company’s stock after buying an additional 501,040 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Keurig Dr Pepper were worth $16,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of Keurig Dr Pepper by 225.3% during the second quarter. Versant Capital Management Inc now owns 1,207 shares of the company’s stock valued at $34,000 after buying an additional 836 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $38,000. Sowell Financial Services LLC grew its holdings in shares of Keurig Dr Pepper by 57.1% during the first quarter. Sowell Financial Services LLC now owns 1,477 shares of the company’s stock valued at $36,000 after buying an additional 537 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Keurig Dr Pepper by 36.3% during the second quarter. Signaturefd LLC now owns 1,824 shares of the company’s stock valued at $52,000 after buying an additional 486 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Keurig Dr Pepper by 37.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,205 shares of the company’s stock valued at $78,000 after buying an additional 876 shares during the last quarter. 31.12% of the stock is currently owned by hedge funds and other institutional investors.

In other Keurig Dr Pepper news, Director Mondelez International, Inc. sold 14,071,962 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $29.45, for a total value of $414,419,280.90. Following the completion of the sale, the director now owns 170,725,048 shares in the company, valued at approximately $5,027,852,663.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Olivier Goudet acquired 20,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average price of $29.06 per share, with a total value of $581,200.00. Following the acquisition, the director now owns 60,000 shares in the company, valued at approximately $1,743,600. The disclosure for this purchase can be found here. 0.41% of the stock is owned by corporate insiders.

Shares of KDP traded down $0.37 during mid-day trading on Wednesday, hitting $28.43. 2,859,451 shares of the company were exchanged, compared to its average volume of 4,201,643. Keurig Dr Pepper Inc has a 1-year low of $18.98 and a 1-year high of $32.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.20 and a current ratio of 0.31. The company has a 50 day moving average of $29.71 and a 200-day moving average of $27.67. The stock has a market cap of $40.01 billion, a price-to-earnings ratio of 34.92, a price-to-earnings-growth ratio of 1.95 and a beta of 0.56.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper Inc will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.11%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 49.18%.

A number of equities research analysts have recently weighed in on the stock. Evercore ISI raised shares of Keurig Dr Pepper from an “in-line” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Monday, June 1st. Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “buy” rating and upped their price target for the company from $27.00 to $33.00 in a report on Thursday, July 9th. Jefferies Financial Group upped their price target on shares of Keurig Dr Pepper from $36.00 to $39.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a report on Wednesday, August 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Keurig Dr Pepper has a consensus rating of “Buy” and an average target price of $34.00.

About Keurig Dr Pepper

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

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