E Fund Management Co. Ltd. Acquires Shares of 52,398 Keurig Dr Pepper, Inc $KDP

Key Points

• E Fund Management acquired 52,398 shares of Keurig Dr Pepper in the second quarter, valued at approximately $1.715 million. Institutional investors collectively own 93.99% of the company.
• Keurig Dr Pepper reported quarterly EPS of $0.57, exceeding estimates by $0.03, while revenue reached $7.31 billion and rose 75.6% year over year.
• KDP shares were up 0.9% at $31.06, and analysts maintain a “Moderate Buy” consensus with an average price target of $34.75; UBS and HSBC recently raised their ratings or targets.

E Fund Management Co. Ltd. bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 52,398 shares of the company's stock, valued at approximately $1,715,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth $26,000. Meeder Asset Management Inc. increased its position in Keurig Dr Pepper by 358.0% during the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company's stock valued at $26,000 after purchasing an additional 759 shares during the period. Activest Wealth Management raised its stake in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company's stock worth $31,000 after buying an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth about $31,000. Finally, Rossby Financial LCC increased its holdings in Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company's stock worth $31,000 after purchasing an additional 339 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

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Keurig Dr Pepper Trading Up 0.9%

Shares of Keurig Dr Pepper stock opened at $31.06 on Thursday. 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 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. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The company's 50-day moving average price is $31.13 and its 200-day moving average price is $29.31.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KDP. UBS Group upped their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. Finally, HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Thursday, August 13th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company 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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