B. Metzler seel. Sohn & Co. AG Acquires Shares of 335,318 Keurig Dr Pepper, Inc $KDP

B. Metzler seel. Sohn & Co. AG bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 335,318 shares of the company's stock, valued at approximately $10,975,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company's stock valued at $1,475,000 after purchasing an additional 39,156 shares during the period. PNC Financial Services Group Inc. grew its position in Keurig Dr Pepper by 47.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company's stock worth $5,030,000 after buying an additional 57,797 shares during the period. Principal Financial Group Inc. increased its holdings in Keurig Dr Pepper by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company's stock valued at $43,489,000 after buying an additional 47,184 shares in the last quarter. M&T Bank Corp increased its holdings in Keurig Dr Pepper by 4,366.8% in the fourth quarter. M&T Bank Corp now owns 1,370,428 shares of the company's stock valued at $38,386,000 after buying an additional 1,339,748 shares in the last quarter. Finally, Fidelity National Financial Inc. acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $15,349,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Up 1.9%

Shares of NASDAQ KDP opened at $31.66 on Friday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.59. The firm's 50 day moving average price is $31.14 and its 200 day moving average price is $29.33. The firm has a market cap of $43.08 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 1.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released 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 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%. Keurig Dr Pepper's revenue for the quarter was up 75.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KDP shares. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Barclays lifted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. HSBC raised 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. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research report on Thursday, June 25th. Finally, Citigroup boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source