Groupe la Francaise increased its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 13.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,818 shares of the company’s stock after buying an additional 16,399 shares during the period. Groupe la Francaise’s holdings in Keurig Dr Pepper were worth $3,681,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of KDP. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $26,000. Meeder Asset Management Inc. boosted its position in shares of Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Keurig Dr Pepper by 102,300.0% during 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 purchasing an additional 1,023 shares during the period. Rossby Financial LCC grew its stake in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the period. Finally, Activest Wealth Management increased its holdings in 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 purchasing an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.
Keurig Dr Pepper Stock Down 1.4%
Keurig Dr Pepper stock opened at $31.12 on Friday. The firm has a market capitalization of $42.34 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.40. The firm’s fifty day moving average price is $31.10 and its two-hundred day moving average price is $29.03. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. 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 Announces Dividend
Analyst Upgrades and Downgrades
KDP has been the topic of several recent analyst reports. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $36.00 in a research report on Thursday, June 25th. Wells Fargo & Company set a $37.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Wednesday, April 22nd. Finally, Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $33.40.
Get 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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