E Fund Management Co. Ltd. Acquires Shares of 52,398 Keurig Dr Pepper, Inc $KDP

E Fund Management Co. Ltd. bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 52,398 shares of the company’s stock, valued at approximately $1,715,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth $26,000. Meeder Asset Management Inc. increased its position in Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the period. Activest Wealth Management raised its stake in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $31,000. Finally, Rossby Financial LCC increased 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 worth $31,000 after purchasing an additional 339 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Up 0.9%

Shares of Keurig Dr Pepper stock opened at $31.06 on Thursday. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a market cap of $42.27 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 1.37 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $31.13 and its 200-day moving average price is $29.31.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $7.31 billion during 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 revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KDP. UBS Group upped their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. Finally, HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.75.

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.