Sequoia Financial Advisors LLC grew its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 213.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,373 shares of the company’s stock after buying an additional 22,052 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Keurig Dr Pepper were worth $907,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in KDP. Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC purchased a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $26,000. Clearstead Trust LLC boosted its stake in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the period. SBI Securities Co. Ltd. lifted its stake in Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Evercore set a $30.00 target price on Keurig Dr Pepper in a research note on Friday, April 24th. Barclays boosted their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Zacks Research upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.57.
Keurig Dr Pepper Trading Up 0.5%
KDP opened at $29.31 on Thursday. The firm has a market cap of $39.88 billion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.33 and a beta of 0.41. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The business’s 50 day moving average is $27.30 and its two-hundred day moving average is $27.81. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, research analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.
About Keurig Dr Pepper
Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.
The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.
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