OMERS ADMINISTRATION Corp purchased a new stake in 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. The fund purchased 60,402 shares of the company’s stock, valued at approximately $1,977,000.
Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after acquiring an additional 1,023 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after acquiring an additional 339 shares in the last quarter. Activest Wealth Management raised its position in shares of Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $31,000. Institutional investors own 93.99% of the company’s stock.
Analyst Upgrades and Downgrades
KDP has been the subject of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. UBS Group lifted 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. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, August 13th. Barclays increased their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus price target of $34.94.
Keurig Dr Pepper Trading Up 1.2%
NASDAQ KDP opened at $32.21 on Thursday. The stock 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 stock’s 50 day moving average price is $31.18 and its two-hundred day moving average price is $29.45. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $33.82.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business’s revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share 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.
Featured Stories
- Five stocks we like better than Keurig Dr Pepper
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Receive News & Ratings for Keurig Dr Pepper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keurig Dr Pepper and related companies with MarketBeat.com's FREE daily email newsletter.
