Segall Bryant & Hamill LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,907 shares of the company’s stock, valued at approximately $661,000.
Other hedge funds also recently bought and sold shares of the company. Auxier Asset Management boosted its holdings in shares of Keurig Dr Pepper by 0.4% during the 2nd 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 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 valued at $31,000 after purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC increased its holdings in shares of 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 lifted its position in Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after buying an additional 420 shares in the last quarter. Finally, BOKF NA lifted its position in Keurig Dr Pepper by 44.1% during the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.
Keurig Dr Pepper Stock Down 1.1%
Keurig Dr Pepper stock opened at $30.75 on Thursday. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The firm has a 50 day moving average price of $31.18 and a 200 day moving average price of $29.10. The company has a market capitalization of $41.84 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40.
Keurig Dr Pepper Dividend Announcement
Analyst Ratings Changes
A number of analysts have issued reports on KDP shares. Citigroup raised their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $36.00 in a report on Thursday, June 25th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $33.94.
Read Our Latest Stock Report on Keurig Dr Pepper
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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