Janus Henderson Group PLC lowered its position in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 3.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 482,418 shares of the company’s stock after selling 16,841 shares during the period. Janus Henderson Group PLC’s holdings in Keurig Dr Pepper were worth $12,700,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of KDP. Auxier Asset Management boosted its stake in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares during the period. Rossby Financial LCC grew its position in shares of Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares in the last quarter. Wealth Watch Advisors INC raised its stake in Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the period. Transamerica Financial Advisors LLC raised its stake in Keurig Dr Pepper by 19.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares during the period. Finally, BOKF NA lifted its holdings in Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 425 shares in the last quarter. 93.99% of the stock is owned by institutional investors.
Keurig Dr Pepper Price Performance
NASDAQ:KDP opened at $31.10 on Wednesday. The firm has a market capitalization of $42.31 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.41 and a beta of 0.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The business has a 50 day simple moving average of $31.17 and a 200-day simple moving average of $29.08. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.
Keurig Dr Pepper Dividend Announcement
Wall Street Analyst Weigh In
Several research firms have weighed in on KDP. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Barclays upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $36.00 in a research report on Thursday, June 25th. UBS Group upped their target price on shares of Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Citigroup lifted their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $33.94.
View Our Latest Stock Report on KDP
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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