Daiichi Life Insurance Co. Ltd. Makes New Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• Daiichi Life Insurance acquired 52,701 shares of Keurig Dr Pepper in the second quarter, valued at approximately $1.725 million. Institutional investors and hedge funds collectively own 93.99% of KDP’s outstanding shares.
• Analyst sentiment remains favorable, with an overall “Moderate Buy” rating and a consensus price target of $34.94. Recent targets range from $38 to $42, although Zacks downgraded the stock to “Hold.”
• Keurig Dr Pepper exceeded quarterly expectations, reporting adjusted EPS of $0.57 versus $0.54 expected and revenue of $7.31 billion versus $7.23 billion estimated; revenue increased 75.6% year over year.

Daiichi Life Insurance Co. Ltd. acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 52,701 shares of the company's stock, valued at approximately $1,725,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Keurig Dr Pepper by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company's stock worth $4,508,456,000 after purchasing an additional 1,538,456 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $4,697,645,000. State Street Corp grew its stake in shares of Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company's stock valued at $1,662,361,000 after purchasing an additional 986,700 shares during the period. Wellington Management Group LLP raised its holdings in shares of Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company's stock worth $1,596,664,000 after buying an additional 15,393,753 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Keurig Dr Pepper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company's stock worth $887,021,000 after buying an additional 1,187,457 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on KDP shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Morgan Stanley began coverage on Keurig Dr Pepper in a research note on Thursday. They set an "overweight" rating and a $38.00 price objective for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. UBS Group boosted their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Zacks Research lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus price target of $34.94.

Keurig Dr Pepper Stock Performance

KDP stock opened at $32.04 on Monday. The business has a fifty day moving average price of $31.15 and a 200 day moving average price of $29.37. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.59. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.43 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.80% and a net margin of 7.10%.The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business's revenue was up 75.6% on a year-over-year basis. Analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal 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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