Swiss Life Asset Management Ltd grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,872 shares of the company’s stock after purchasing an additional 48,695 shares during the period. Swiss Life Asset Management Ltd’s holdings in Keurig Dr Pepper were worth $7,811,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. AustralianSuper Pty Ltd bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $1,217,000. Bank of New York Mellon Corp raised its holdings in shares of Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after purchasing an additional 223,160 shares during the period. Candriam S.C.A. lifted its stake in Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Keurig Dr Pepper by 69.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after purchasing an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in Keurig Dr Pepper by 83.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after purchasing an additional 93,374 shares during the period. 93.99% of the stock is owned by institutional investors.
Keurig Dr Pepper Price Performance
Keurig Dr Pepper stock opened at $29.31 on Thursday. The firm has a market capitalization of $39.88 billion, a P/E ratio of 21.71, a PEG ratio of 1.33 and a beta of 0.41. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. 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 fifty day moving average price of $27.30 and a 200-day moving average price of $27.81.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Barclays raised their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Wells Fargo & Company cut their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Evercore set a $30.00 price objective on Keurig Dr Pepper in a report on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, UBS Group upped their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $31.57.
Check Out Our Latest Analysis on KDP
Keurig Dr Pepper Company 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.
Read More
- Five stocks we like better than Keurig Dr Pepper
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Want to see what other hedge funds are holding KDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report).
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.
