Keurig Dr Pepper, Inc $KDP Shares Acquired by Ethic Inc.

Ethic Inc. lifted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 206,043 shares of the company’s stock after purchasing an additional 23,900 shares during the quarter. Ethic Inc.’s holdings in Keurig Dr Pepper were worth $5,771,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KDP. Auxier Asset Management lifted its position in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after buying an additional 318 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Keurig Dr Pepper by 3.0% in 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 raised its stake in shares of Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after acquiring an additional 425 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Keurig Dr Pepper by 0.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after acquiring an additional 493 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $28.83 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company’s fifty day moving average price is $27.39 and its two-hundred day moving average price is $27.77. The firm has a market capitalization of $39.22 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.32 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its 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. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same period last year, the firm earned $0.42 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research reports. Barclays upped their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Monday, April 27th. Wells Fargo & Company dropped their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Evercore set a $30.00 price target on Keurig Dr Pepper in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.57.

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.