Dana Investment Advisors Inc. cut its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 274,229 shares of the company’s stock after selling 27,285 shares during the period. Dana Investment Advisors Inc.’s holdings in Keurig Dr Pepper were worth $7,681,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter worth about $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $26,000. Clearstead Trust LLC increased its position in shares of Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of 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 in the last quarter. Finally, Activest Wealth Management increased its position in shares of 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 in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently commented on KDP. Zacks Research upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wells Fargo & Company cut their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. UBS Group lifted their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $31.57.
Keurig Dr Pepper Stock Performance
Shares of KDP stock opened at $28.93 on Friday. The stock has a market capitalization of $39.36 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.32 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 stock’s 50-day moving average price is $27.29 and its 200 day moving average price is $27.83. 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 issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.
Keurig Dr Pepper Profile
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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