Commerzbank Aktiengesellschaft FI Takes Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Commerzbank Aktiengesellschaft FI acquired 79,469 Keurig Dr Pepper shares in the second quarter, valued at approximately $2.6 million. Other institutions also initiated positions, with institutional investors collectively owning 93.99% of KDP stock.
• Keurig Dr Pepper exceeded quarterly expectations, reporting $0.57 in earnings per share versus the $0.54 consensus and $7.31 billion in revenue. Revenue increased 75.6% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $34.75 price target. The company pays a quarterly dividend of $0.23 per share, equivalent to a 3.0% annual yield.

Commerzbank Aktiengesellschaft FI acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 79,469 shares of the company's stock, valued at approximately $2,601,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Keurig Dr Pepper during the second quarter worth $109,315,000. OneDigital Investment Advisors LLC bought a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $567,000. Plato Investment Management Ltd bought a new position in Keurig Dr Pepper during the second quarter worth $1,500,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $812,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $65,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $30.28 on Tuesday. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a market capitalization of $41.21 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.40 and a beta of 0.40. The company has a 50-day simple moving average of $31.16 and a 200 day simple moving average of $29.25. 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 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. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the firm earned $0.49 earnings per share. Keurig Dr Pepper's revenue for the quarter was up 75.6% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper's payout ratio is currently 92.93%.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a research note on Thursday, August 13th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research report on Thursday, June 25th. Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Finally, Zacks Research cut Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 18th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.75.

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.

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