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

Deutsche Bank AG acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) 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) 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.