Nissay Asset Management Corp Japan ADV acquired a new position in shares of Keurig Dr Pepper Inc (NYSE:KDP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 35,909 shares of the company’s stock, valued at approximately $1,020,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at $38,123,000. Gulf International Bank UK Ltd purchased a new position in Keurig Dr Pepper during the 2nd quarter worth $2,514,000. Candriam Luxembourg S.C.A. purchased a new position in Keurig Dr Pepper during the 2nd quarter worth $814,000. Strs Ohio grew its stake in Keurig Dr Pepper by 49.1% during the 2nd quarter. Strs Ohio now owns 193,063 shares of the company’s stock worth $5,482,000 after buying an additional 63,563 shares during the last quarter. Finally, Liberty One Investment Management LLC grew its stake in Keurig Dr Pepper by 4.3% during the 2nd quarter. Liberty One Investment Management LLC now owns 590,781 shares of the company’s stock worth $16,778,000 after buying an additional 24,491 shares during the last quarter. Institutional investors own 22.86% of the company’s stock.
Several research analysts recently weighed in on the company. Citigroup boosted their target price on Keurig Dr Pepper from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Morgan Stanley boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday. Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $27.00 to $33.00 in a research note on Thursday, July 9th. Jefferies Financial Group boosted their target price on Keurig Dr Pepper from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Keurig Dr Pepper in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $33.63.
In other Keurig Dr Pepper news, major shareholder Holdings B.V. Jab purchased 7,380,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $27.16 per share, with a total value of $200,440,800.00. Also, Director Robert S. Singer purchased 1,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $28.14 per share, with a total value of $28,140.00. Following the acquisition, the director now directly owns 65,500 shares in the company, valued at approximately $1,843,170. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.
Shares of KDP opened at $30.59 on Friday. The stock has a 50-day moving average of $29.12 and a two-hundred day moving average of $27.40. Keurig Dr Pepper Inc has a one year low of $18.98 and a one year high of $32.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.31. The stock has a market cap of $43.04 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.90 and a beta of 0.61.
Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Keurig Dr Pepper had a return on equity of 7.91% and a net margin of 10.32%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Analysts predict that Keurig Dr Pepper Inc will post 1.4 EPS for the current fiscal year.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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