466,758 Shares in Keurig Dr Pepper, Inc $KDP Bought by Korea Investment CORP

Korea Investment CORP bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 466,758 shares of the company's stock, valued at approximately $15,277,000.

Several other hedge funds have also bought and sold shares of KDP. NewEdge Advisors LLC raised its stake in shares of Keurig Dr Pepper by 30.6% in the first 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 period. Empowered Funds LLC grew its stake in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company's stock valued at $2,389,000 after acquiring an additional 49,741 shares during the period. Woodline Partners LP grew its stake in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company's stock valued at $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC purchased a new stake in Keurig Dr Pepper in the 2nd quarter worth approximately $328,000. Finally, Jump Financial LLC increased its holdings in Keurig Dr Pepper by 253.6% in the 2nd 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.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Royal Bank Of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Barclays raised their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 8th. Finally, Morgan Stanley assumed coverage on Keurig Dr Pepper in a research report on Thursday. They issued an "overweight" rating and a $38.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.94.

Keurig Dr Pepper Stock Performance

KDP stock opened at $32.04 on Monday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.59. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The firm's fifty day simple moving average is $31.15 and its two-hundred day simple moving average is $29.37.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analysts' expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The firm's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

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.

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