OneDigital Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,309 shares of the company’s stock, valued at approximately $567,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. Auxier Asset Management lifted its position in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares during the last quarter. Rossby Financial LCC increased 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 valued at $31,000 after acquiring an additional 339 shares during the last quarter. Wealth Watch Advisors INC raised its stake in shares of Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after acquiring an additional 373 shares during the period. Transamerica Financial Advisors LLC raised its stake in shares of Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after acquiring an additional 420 shares during the period. Finally, BOKF NA lifted its holdings in shares of 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 acquiring an additional 425 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KDP has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Citigroup raised their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $34.75.
Keurig Dr Pepper Trading Up 1.7%
Shares of KDP stock opened at $30.79 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The stock has a market capitalization of $41.90 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40. The company has a 50 day moving average price of $31.14 and a 200 day moving average price of $29.28. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 75.6% on a year-over-year basis. Equities research analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal 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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