Northwestern Mutual Wealth Management Co. purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,929 shares of the company’s stock, valued at approximately $783,000.
Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares during the last quarter. Rossby Financial LCC raised its holdings in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the last quarter. 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 valued at $31,000 after buying an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter worth $31,000. 93.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on KDP. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 1st. Finally, HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.94.
Keurig Dr Pepper Trading Up 1.2%
Shares of KDP opened at $32.21 on Thursday. The firm’s 50-day moving average price is $31.18 and its 200-day moving average price is $29.45. The firm has a market capitalization of $43.83 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 1.42 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $7.23 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 75.6% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS 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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