21,922 Shares in Keurig Dr Pepper, Inc $KDP Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,922 shares of the company’s stock, valued at approximately $718,000.

A number of other hedge funds also recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $26,000. Meeder Asset Management Inc. increased its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 759 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after acquiring an additional 1,023 shares in the last quarter. Rossby Financial LCC raised its holdings in 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 acquiring an additional 339 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on KDP shares. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, August 13th. Wells Fargo & Company set a $37.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Zacks Research downgraded shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. 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 report on Thursday, July 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.75.

Keurig Dr Pepper Stock Performance

Shares of Keurig Dr Pepper stock opened at $30.79 on Wednesday. The firm has a market capitalization of $41.90 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.40 and a beta of 0.40. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. 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 firm’s 50 day moving average is $31.14 and its two-hundred day moving average is $29.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 75.6% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal 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.