Meeder Advisory Services Inc. Invests $677,000 in Keurig Dr Pepper, Inc $KDP

Meeder Advisory Services Inc. bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,684 shares of the company’s stock, valued at approximately $677,000.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at $26,000. Meeder Asset Management Inc. lifted its stake in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the last quarter. 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 purchasing an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at about $31,000. Finally, Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% during the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares during the period. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP opened at $31.66 on Friday. The firm has a market cap of $43.08 billion, a PE ratio of 31.98, a P/E/G ratio of 1.38 and a beta of 0.40. The stock has a 50-day moving average price of $31.14 and a 200-day moving average price of $29.33. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.59. 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 (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KDP shares. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 1st. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Citigroup lifted their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley initiated coverage on shares of Keurig Dr Pepper in a report on Thursday. They set an “overweight” rating and a $38.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.94.

About Keurig Dr Pepper

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.