Swiss Life Asset Management Ltd Acquires 48,695 Shares of Keurig Dr Pepper, Inc $KDP

Swiss Life Asset Management Ltd boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 278,872 shares of the company’s stock after purchasing an additional 48,695 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Keurig Dr Pepper were worth $7,811,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KDP. Auxier Asset Management increased its stake in shares of Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Keurig Dr Pepper by 3.0% during the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after acquiring an additional 405 shares in the last quarter. BOKF NA boosted its stake 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 acquiring an additional 425 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Keurig Dr Pepper by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after purchasing an additional 493 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on KDP shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Trading Up 0.5%

NASDAQ:KDP opened at $29.31 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94. The company has a market cap of $39.88 billion, a PE ratio of 21.71, a PEG ratio of 1.33 and a beta of 0.41. The firm has a 50-day moving average of $27.30 and a 200-day moving average of $27.81.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

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.