Deutsche Bank AG Makes New $181.62 Million Investment in Keurig Dr Pepper, Inc $KDP

Key Points

• Deutsche Bank acquired 5.55 million Keurig Dr Pepper shares worth approximately $181.6 million during the second quarter, giving it a 0.41% stake. Institutional investors collectively own 93.99% of KDP.
• Analyst sentiment remains favorable, with 10 Buy ratings and eight Hold ratings producing a “Moderate Buy” consensus and an average price target of $34.75. Recent targets include $37 from Wells Fargo, $40 from HSBC, and $39 from UBS.
• KDP shares opened at $30.79, while the company recently reported quarterly EPS of $0.57 versus a $0.54 estimate and revenue of $7.31 billion, up 75.6% year over year.

Deutsche Bank AG acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,549,050 shares of the company's stock, valued at approximately $181,620,000. Deutsche Bank AG owned approximately 0.41% of Keurig Dr Pepper at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Auxier Asset Management raised its position in Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company's stock worth $2,386,000 after purchasing an additional 318 shares during the last quarter. Rossby Financial LCC boosted its position in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock valued at $31,000 after buying an additional 339 shares during the last quarter. Wealth Watch Advisors INC boosted its position in Keurig Dr Pepper by 18.3% in the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company's stock valued at $67,000 after buying an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of Keurig Dr Pepper by 19.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company's stock valued at $72,000 after buying an additional 420 shares during the period. Finally, BOKF NA increased its stake in shares of Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company's stock valued at $35,000 after buying an additional 425 shares during the period. 93.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upgraded Keurig Dr Pepper from a "neutral" rating to a "neutral" rating in a report on Thursday, June 25th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research note on Thursday, August 13th. Zacks Research cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 18th. Finally, UBS Group boosted their price target on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.75.

Keurig Dr Pepper Stock Up 1.7%

Shares of KDP stock opened at $30.79 on Wednesday. The firm has a fifty day moving average of $31.14 and a 200-day moving average of $29.28. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a market capitalization of $41.90 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.40 and a beta of 0.40.

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, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $7.31 billion for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

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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