Rakuten Investment Management Inc. Invests $10.85 Million in Keurig Dr Pepper, Inc $KDP

Rakuten Investment Management Inc. bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, Holdings Channel reports. The firm bought 323,787 shares of the company’s stock, valued at approximately $10,847,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KDP. Auxier Asset Management boosted its position in shares of Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the last quarter. Rossby Financial LCC raised its stake 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 purchasing an additional 339 shares in the last quarter. Wealth Watch Advisors INC raised its stake in Keurig Dr Pepper by 18.3% during the fourth quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after purchasing an additional 420 shares during the last quarter. Finally, BOKF NA grew 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 worth $35,000 after buying an additional 425 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KDP. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, August 13th. Barclays lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a research note on Wednesday, July 1st. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average price target of $34.94.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Aaron E. Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the purchase, the director directly owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Up 0.9%

Shares of NASDAQ:KDP opened at $32.18 on Friday. The firm has a market capitalization of $43.79 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40. The business has a 50 day simple moving average of $31.24 and a two-hundred day simple moving average of $29.50. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $33.82. 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 issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 75.6% on a year-over-year basis. On average, equities analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

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.