33,963 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management purchased 33,963 shares of Keurig Dr Pepper worth approximately $1.11 million during the second quarter. Institutional investors collectively own 93.99% of KDP’s outstanding stock.
• KDP reported quarterly earnings of $0.57 per share, exceeding estimates by $0.03, while revenue rose 75.6% year over year to $7.31 billion.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $34.94; shares recently traded at $32.51.

Meiji Yasuda Asset Management Co Ltd. acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,963 shares of the company's stock, valued at approximately $1,112,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company's stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC raised its stake in Keurig Dr Pepper by 248.0% during the first quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock valued at $2,389,000 after buying an additional 49,741 shares during the last quarter. Woodline Partners LP raised its stake in Keurig Dr Pepper by 49.2% during the first quarter. Woodline Partners LP now owns 100,870 shares of the company's stock valued at $3,452,000 after buying an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Keurig Dr Pepper in the second quarter worth $328,000. Finally, Jump Financial LLC boosted its holdings in Keurig Dr Pepper by 253.6% in the second quarter. Jump Financial LLC now owns 76,089 shares of the company's stock worth $2,516,000 after acquiring an additional 54,571 shares in the last quarter. Institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Trading Up 1.5%

Shares of KDP stock opened at $32.51 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82. The stock has a market capitalization of $44.24 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.43 and a beta of 0.40. The firm's 50 day moving average is $31.16 and its 200 day moving average is $29.40.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating 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 analysts' expectations of $7.23 billion. During the same period in the prior year, the firm earned $0.49 EPS. The company's revenue was up 75.6% compared to the same quarter last year. Research analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

KDP has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. UBS Group increased their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research note on Thursday. They set an "overweight" rating and a $38.00 price objective for the company. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group raised shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a report on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.94.

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.

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