E Fund Management Co. Ltd. purchased a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,398 shares of the company’s stock, valued at approximately $1,715,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after purchasing an additional 39,156 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after purchasing an additional 57,797 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Keurig Dr Pepper by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after acquiring an additional 47,184 shares during the period. M&T Bank Corp increased its holdings in shares of Keurig Dr Pepper by 4,366.8% during the 4th quarter. M&T Bank Corp now owns 1,370,428 shares of the company’s stock valued at $38,386,000 after purchasing an additional 1,339,748 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in Keurig Dr Pepper by 13.8% in the fourth quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after buying an additional 157,438 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.
Keurig Dr Pepper Price Performance
Keurig Dr Pepper stock opened at $31.06 on Thursday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The stock has a market capitalization of $42.27 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.37 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The business has a 50 day simple moving average of $31.13 and a 200-day simple moving average of $29.31.
Analysts Set New Price Targets
KDP has been the subject of several recent analyst reports. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. UBS Group increased their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.75.
View Our Latest Analysis 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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