Jane Street Group LLC Has $10.87 Million Stock Position in Keurig Dr Pepper Inc (NYSE:KDP)

Jane Street Group LLC boosted its holdings in shares of Keurig Dr Pepper Inc (NYSE:KDP) by 462.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 376,042 shares of the company’s stock after buying an additional 309,203 shares during the quarter. Jane Street Group LLC’s holdings in Keurig Dr Pepper were worth $10,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. D. E. Shaw & Co. Inc. increased its position in Keurig Dr Pepper by 177.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 9,578,432 shares of the company’s stock worth $276,816,000 after buying an additional 6,128,458 shares during the last quarter. Point72 Hong Kong Ltd increased its position in Keurig Dr Pepper by 156.2% during the second quarter. Point72 Hong Kong Ltd now owns 6,728 shares of the company’s stock worth $194,000 after buying an additional 4,102 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in Keurig Dr Pepper by 1,165.1% during the second quarter. Cubist Systematic Strategies LLC now owns 92,351 shares of the company’s stock worth $2,669,000 after buying an additional 85,051 shares during the last quarter. Man Group plc increased its position in Keurig Dr Pepper by 6.3% during the second quarter. Man Group plc now owns 195,671 shares of the company’s stock worth $5,655,000 after buying an additional 11,603 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in Keurig Dr Pepper during the second quarter worth approximately $9,616,000. 19.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:KDP traded down $0.29 during trading on Friday, reaching $27.32. 2,785,831 shares of the stock were exchanged, compared to its average volume of 2,295,800. Keurig Dr Pepper Inc has a 12 month low of $22.19 and a 12 month high of $31.06. The firm has a market cap of $38.84 billion, a PE ratio of 26.27, a PEG ratio of 1.47 and a beta of 0.45. The stock has a 50-day moving average price of $27.62 and a 200-day moving average price of $28.13. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The business’s revenue was up 196.3% on a year-over-year basis. On average, sell-side analysts expect that Keurig Dr Pepper Inc will post 1.22 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, October 3rd. Keurig Dr Pepper’s dividend payout ratio is presently 57.69%.

KDP has been the topic of a number of recent analyst reports. Morgan Stanley set a $24.00 price target on Keurig Dr Pepper and gave the stock a “sell” rating in a research report on Friday, August 9th. Credit Suisse Group initiated coverage on Keurig Dr Pepper in a research report on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price target on the stock. Bank of America boosted their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Keurig Dr Pepper has a consensus rating of “Buy” and an average price target of $30.27.

In other news, insider Mary Beth Denooyer acquired 6,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 20th. The stock was bought at an average price of $27.99 per share, for a total transaction of $167,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Singer acquired 3,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $28.65 per share, with a total value of $85,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 62,727 shares of company stock valued at $1,447,441. Corporate insiders own 0.44% of the company’s stock.

Keurig Dr Pepper Profile

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.

Further Reading: What Factors Can Affect Return on Equity?

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

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