Lazard Asset Management LLC increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 9.9% in the first quarter, Holdings Channel reports. The institutional investor owned 702,373 shares of the company’s stock after buying an additional 63,123 shares during the period. Lazard Asset Management LLC’s holdings in Keurig Dr Pepper were worth $18,493,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Keurig Dr Pepper by 30.6% during the first quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares in the last quarter. Empowered Funds LLC raised its holdings in Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP lifted its position in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter valued at $328,000. Finally, Jump Financial LLC grew its holdings in shares of Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after purchasing an additional 54,571 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.
Keurig Dr Pepper Price Performance
Keurig Dr Pepper stock opened at $31.45 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The stock has a market capitalization of $42.79 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40. The stock has a fifty day moving average of $31.01 and a 200-day moving average of $28.99.
Keurig Dr Pepper Announces Dividend
Wall Street Analyst Weigh In
KDP has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 8th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, April 24th. UBS Group increased their price objective on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Wednesday, April 22nd. Finally, Citigroup boosted their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.40.
Check Out Our Latest Stock Report on KDP
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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