Nissay Asset Management Corp Japan Purchases 23,614 Shares of Keurig Dr Pepper, Inc $KDP

Nissay Asset Management Corp Japan lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,430 shares of the company’s stock after purchasing an additional 23,614 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Keurig Dr Pepper were worth $12,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Keurig Dr Pepper in the second quarter valued at approximately $4,697,645,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $727,667,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Keurig Dr Pepper during the 2nd quarter valued at $767,105,000. Norges Bank purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at about $568,361,000. Finally, Capital International Investors boosted its holdings in Keurig Dr Pepper by 1,987.4% in the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after buying an additional 16,050,437 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

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Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Aaron E. Alt purchased 7,862 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the transaction, the director directly owned 7,862 shares of the company’s stock, valued at $250,247.46. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 1st. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, UBS Group increased their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.94.

Check Out Our Latest Stock Report on Keurig Dr Pepper

Keurig Dr Pepper Price Performance

KDP stock opened at $32.18 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. The firm has a 50-day moving average of $31.24 and a 200 day moving average of $29.50. The company has a market cap of $43.79 billion, a P/E ratio of 32.51, a PEG ratio of 1.43 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 75.6% on a year-over-year basis. On average, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Keurig Dr Pepper Company Profile

(Free Report)

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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