Mitsubishi UFJ Asset Management Co. Ltd. Purchases 135,260 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Mitsubishi UFJ Asset Management boosted its Q4 stake in Keurig Dr Pepper by 4.8%, buying 135,260 shares to hold 2,930,142 shares (about 0.22% of the company) valued at roughly $81.25 million.
• Wall Street sentiment is mixed but mildly positive: MarketBeat shows a consensus rating of "Moderate Buy" with an average price target of $31.57, while recent analyst moves range from Zacks' upgrade to a "strong-buy" to Deutsche Bank trimming its target to $28.
• Keurig Dr Pepper posted an EPS beat ($0.39 vs. $0.37 expected) with revenue up 9.4% to $3.98 billion; the stock trades near $28.52 with a market cap of about $38.8 billion and a P/E of 21.13.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,930,142 shares of the company's stock after acquiring an additional 135,260 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Keurig Dr Pepper worth $81,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Auxier Asset Management raised its stake in Keurig Dr Pepper by 0.4% during the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company's stock worth $2,386,000 after acquiring an additional 318 shares during the period. Park Avenue Securities LLC raised its stake in Keurig Dr Pepper by 3.0% during the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company's stock worth $383,000 after acquiring an additional 405 shares during the period. BOKF NA raised its stake in Keurig Dr Pepper by 44.1% during the 3rd quarter. BOKF NA now owns 1,388 shares of the company's stock worth $35,000 after acquiring an additional 425 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Keurig Dr Pepper by 71.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 484 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Keurig Dr Pepper by 0.9% during the third quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company's stock valued at $1,472,000 after buying an additional 493 shares during the last quarter. Institutional investors own 93.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KDP shares. Citigroup reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, March 30th. Zacks Research upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Keurig Dr Pepper in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $31.57.

Keurig Dr Pepper Trading Down 0.1%

Shares of KDP opened at $28.52 on Friday. The company's fifty day moving average is $27.39 and its 200 day moving average is $27.77. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. The stock has a market capitalization of $38.80 billion, a PE ratio of 21.13, a P/E/G ratio of 1.30 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $7.23 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. Keurig Dr Pepper's quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share 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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