Bryn Mawr Capital Management LLC Purchases 32,439 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bryn Mawr Capital Management LLC boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 306,860 shares of the company’s stock after acquiring an additional 32,439 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Keurig Dr Pepper were worth $10,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KDP. Whittier Trust Co. of Nevada Inc. grew its position in Keurig Dr Pepper by 617.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after acquiring an additional 685 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Keurig Dr Pepper by 312.1% during the 2nd quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after purchasing an additional 643 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in Keurig Dr Pepper during the second quarter valued at about $35,000. Riverview Trust Co bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $39,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Keurig Dr Pepper by 210.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock valued at $44,000 after purchasing an additional 894 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KDP. BNP Paribas initiated coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Wells Fargo & Company increased their target price on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Trading Up 1.2 %

Shares of NASDAQ:KDP traded up $0.44 during mid-day trading on Friday, reaching $36.61. 7,530,113 shares of the company were exchanged, compared to its average volume of 8,879,520. The firm’s 50-day simple moving average is $34.12 and its 200 day simple moving average is $32.73. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $36.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 2.60 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

About Keurig Dr Pepper

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.