Handelsbanken Fonder AB reduced its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 639,688 shares of the company’s stock after selling 18,748 shares during the quarter. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $17,918,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $26,000. Root Financial Partners LLC bought a new stake in shares of Keurig Dr Pepper in the third quarter worth about $26,000. 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. Clearstead Trust LLC increased its holdings in shares of Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on KDP shares. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Barclays upped their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.57.
Keurig Dr Pepper Stock Performance
Shares of KDP opened at $28.69 on Thursday. The stock has a market capitalization of $39.03 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.32 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The firm has a fifty day simple moving average of $27.34 and a 200 day simple moving average of $27.84. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the business earned $0.42 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that Keurig Dr Pepper, Inc will post 2.29 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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