Glenmede Trust Co. NA grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 180.9% during the 1st quarter, Holdings Channel reports. The fund owned 53,455 shares of the company’s stock after purchasing an additional 34,427 shares during the period. Glenmede Trust Co. NA’s holdings in Keurig Dr Pepper were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KDP. Auxier Asset Management raised its holdings in shares of Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the last quarter. Rossby Financial LCC boosted its holdings in Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC boosted its holdings in Keurig Dr Pepper by 18.3% in the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in Keurig Dr Pepper by 19.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after purchasing an additional 420 shares during the period. Finally, BOKF NA grew its position in Keurig Dr Pepper by 44.1% during the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.
Keurig Dr Pepper Trading Down 1.1%
KDP stock opened at $30.75 on Thursday. The company’s 50-day simple moving average is $31.18 and its 200-day simple moving average is $29.10. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The firm has a market cap of $41.84 billion, a P/E ratio of 22.78, a PEG ratio of 1.42 and a beta of 0.40.
Keurig Dr Pepper Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $36.00 in a research report on Thursday, June 25th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.94.
View Our Latest Stock 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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