ProShare Advisors LLC increased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 35.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,368,664 shares of the company’s stock after acquiring an additional 621,767 shares during the quarter. ProShare Advisors LLC’s holdings in Keurig Dr Pepper were worth $66,346,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper during the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $26,000. Clearstead Trust LLC boosted its position in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares during the period. SBI Securities Co. Ltd. boosted its position in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 484 shares during the period. Finally, Activest Wealth Management boosted its position in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have commented on KDP shares. JPMorgan Chase & Co. lifted their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. 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 report on Monday, March 30th. Citigroup cut their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Barclays lifted their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and an average price target of $31.57.
Keurig Dr Pepper Stock Down 2.0%
Shares of NASDAQ KDP opened at $28.85 on Wednesday. The company has a market capitalization of $39.25 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The company’s 50 day moving average price is $27.33 and its 200-day moving average price is $27.83. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.42 EPS. Equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 earnings per share 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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