ProShare Advisors LLC Has $66.35 Million Stake in Keurig Dr Pepper, Inc $KDP

ProShare Advisors LLC boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 35.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,368,664 shares of the company’s stock after buying an additional 621,767 shares during the period. ProShare Advisors LLC owned approximately 0.17% of Keurig Dr Pepper worth $66,346,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Keurig Dr Pepper during the third quarter worth about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Keurig Dr Pepper by 102,300.0% in the 2nd 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 purchasing an additional 1,023 shares in the last quarter. Clearstead Trust LLC boosted its holdings in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Down 2.0%

KDP opened at $28.85 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a market cap of $39.25 billion, a P/E ratio of 21.37, a PEG ratio of 1.34 and a beta of 0.41. The company’s 50 day moving average is $27.33 and its 200-day moving average is $27.83.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter last year, the business posted $0.42 EPS. Keurig Dr Pepper’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict 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 topic of a number of research analyst reports. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup reduced their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Zacks Research raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.