Top 4 Stock Picks of Jacob Rothschild’s RIT Capital Partners

1. Keurig Dr Pepper Inc. (NASDAQ:KDP)

RIT Capital Partners’ Stake Value: $79,081,000

Percentage of RIT Capital Partners’ 13F Portfolio: 30.85%

Number of Hedge Fund Holders: 33

As the largest holding in Jacob Rothschild’s Q3 portfolio, Keurig Dr Pepper Inc. (NASDAQ:KDP) represents 30.85% of his fund’s total investments. Rothschild, via RIT Capital Partners, holds 2.31 million shares in Keurig Dr Pepper Inc. (NASDAQ:KDP), worth over $79 million. Keurig Dr Pepper Inc. (NASDAQ:KDP) is an American beverage corporation with more than 125 signature brands under its domain, including Gloria Jean’s Coffees, Krispy Kreme Doughnuts, Cinnabon, Tully’s Coffee, 7Up, Dr. Pepper, and Snapple, among others. 

Keurig Dr Pepper Inc. (NASDAQ:KDP) posted its Q3 results on October 28. EPS in the period amounted to $0.44, in line with analysts’ consensus estimates. The revenue was up 7.62% as compared to the previous-year quarter at $3.25 billion, outperforming estimates by $90.96 million. 

JPMorgan analyst Andrea Teixeira on October 4 lowered the price target on Keurig Dr Pepper Inc. (NASDAQ:KDP) to $40 from $42, and kept an Overweight rating on the shares. She stated that the company had strong growth potential, even though cost pressures would impact 2022 earnings.

Harris Associates is the leading Keurig Dr Pepper Inc. (NASDAQ:KDP) stakeholder as of September this year, holding a $1.61 billion position in the company. Overall, 33 hedge funds were bullish on Keurig Dr Pepper Inc. (NASDAQ:KDP) in the third quarter, up from 28 funds in the previous quarter. 

Here is what ClearBridge Investments has to say about Keurig Dr Pepper Inc. (NASDAQ:KDP) in its Q1 2021 investor letter:

“Our underweights in health care and staples contributed to relative performance during the period. We also prefer to act with some caution in a sector where regulatory risks persist. In consumer staples, we are broadly finding valuations uncompelling and sold Keurig Dr Pepper during the quarter.”

You can also take a look at Retirement Stock Portfolio: 10 Safe Dividend Stocks To Consider and 11 Best Cryptocurrency Stocks To Buy According To Hedge Funds. 

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