Danske Bank A S purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,032,839 shares of the company's stock, valued at approximately $33,805,000. Danske Bank A S owned about 0.08% of Keurig Dr Pepper at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company's stock worth $4,508,456,000 after acquiring an additional 1,538,456 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Keurig Dr Pepper during the second quarter worth about $4,697,645,000. State Street Corp lifted its holdings 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 last quarter. Wellington Management Group LLP grew its stake in Keurig Dr Pepper by 37.0% during 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 during the last quarter. Finally, Geode Capital Management LLC increased its position in Keurig Dr Pepper by 3.9% during the fourth 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 during the period. 93.99% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Zacks Research cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a report on Monday, May 18th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, UBS Group lifted their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a "buy" rating in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $34.75.
Read Our Latest Stock Report on Keurig Dr Pepper
Keurig Dr Pepper Stock Up 0.9%
KDP opened at $31.06 on Thursday. The business's fifty day moving average is $31.13 and its two-hundred day moving average is $29.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The company has a market cap of $42.27 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 1.37 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94.
Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. Analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.
About Keurig Dr Pepper
(
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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