Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 23,437,371 shares of the company's stock, valued at approximately $767,105,000. Keurig Dr Pepper makes up about 2.3% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 5th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.72% of Keurig Dr Pepper at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. raised its position in shares of Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock valued at $26,000 after buying an additional 759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company's stock worth $34,000 after acquiring an additional 1,023 shares in the last quarter. Rossby Financial LCC increased its stake in Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock valued at $31,000 after acquiring an additional 339 shares during the last quarter. Activest Wealth Management increased its stake in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company's stock valued at $31,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $31,000. 93.99% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
KDP has been the topic of a number of research analyst reports. UBS Group raised their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research report on Thursday, June 25th. Morgan Stanley assumed coverage on Keurig Dr Pepper in a research note on Thursday. They issued an "overweight" rating and a $38.00 price objective on the stock. Finally, Sanford C. Bernstein set a $39.00 target price on Keurig Dr Pepper in a research report on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $34.94.
Get Our Latest Report on KDP
Keurig Dr Pepper Stock Performance
Keurig Dr Pepper stock opened at $32.04 on Monday. The business has a 50 day moving average of $31.15 and a 200-day moving average of $29.37. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.59. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The company has a market capitalization of $43.60 billion, a P/E ratio of 32.36, a P/E/G ratio of 1.43 and a beta of 0.40.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) 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 for the quarter, compared to the consensus estimate 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 was up 75.6% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.
Keurig Dr Pepper Company Profile
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Free Report)
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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