Daiichi Life Insurance Co. Ltd. acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 52,701 shares of the company’s stock, valued at approximately $1,725,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in KDP. Northwestern Mutual Wealth Management Co. lifted its holdings in Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after buying an additional 39,156 shares during the period. PNC Financial Services Group Inc. boosted its stake in Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock valued at $5,030,000 after acquiring an additional 57,797 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Keurig Dr Pepper by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after acquiring an additional 47,184 shares during the period. Anchor Capital Advisors LLC raised its position in shares of Keurig Dr Pepper by 13.8% during the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company’s stock valued at $36,357,000 after acquiring an additional 157,438 shares during the last quarter. Finally, Fidelity National Financial Inc. bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $15,349,000. 93.99% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on KDP shares. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 13th. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Citigroup raised their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Barclays boosted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.94.
Keurig Dr Pepper Stock Performance
Shares of NASDAQ KDP opened at $32.04 on Monday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.59. The stock has a market cap of $43.60 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.43 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The company’s fifty day moving average is $31.15 and its 200-day moving average is $29.37.
Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm’s quarterly revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Equities research analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.
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.
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