Danica Pension Livsforsikringsaktieselskab Buys New Position in Keurig Dr Pepper, Inc $KDP

Key Points

• Danica Pension purchased 335,043 shares of Keurig Dr Pepper worth approximately $11.0 million during the second quarter. Institutional investors now own 93.99% of the company.
• Keurig Dr Pepper reported quarterly EPS of $0.57, beating estimates of $0.54, while revenue reached $7.31 billion—up 75.6% year over year and above expectations.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $34.75 compared with the stock’s reported price of $30.79.

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 335,043 shares of the company's stock, valued at approximately $10,966,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its position in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock worth $26,000 after purchasing an additional 759 shares during the period. Activest Wealth Management boosted its stake in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company's stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $31,000. Finally, Rossby Financial LCC increased its stake in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock worth $31,000 after purchasing an additional 339 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 1.7%

Shares of Keurig Dr Pepper stock opened at $30.79 on Wednesday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The company has a 50-day moving average of $31.14 and a 200 day moving average of $29.28. 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 firm has a market cap of $41.90 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.40 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $7.23 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business's revenue for the quarter was up 75.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. The Goldman Sachs Group raised Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a research report on Thursday, June 25th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.75.

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.

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