Wealthfront Advisers LLC Purchases Shares of 117,680 Keurig Dr Pepper, Inc $KDP

Wealthfront Advisers LLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 117,680 shares of the company’s stock, valued at approximately $3,852,000.

Several other large investors have also made changes to their positions in KDP. NewEdge Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares during the period. Empowered Funds LLC increased its position in Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares in the last quarter. Woodline Partners LP raised its holdings in Keurig Dr Pepper by 49.2% in the first quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock valued at $3,452,000 after buying an additional 33,258 shares during the period. Sivia Capital Partners LLC acquired a new position in Keurig Dr Pepper during the second quarter valued at approximately $328,000. Finally, Jump Financial LLC lifted its position in Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after buying an additional 54,571 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 1.9%

Shares of Keurig Dr Pepper stock opened at $31.66 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.59. The company has a market capitalization of $43.08 billion, a PE ratio of 31.98, a P/E/G ratio of 1.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The business has a 50-day moving average of $31.14 and a 200-day moving average of $29.33.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly 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 for 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 company’s revenue was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KDP shares. 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. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a report on Wednesday, July 1st. Finally, Citigroup boosted their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.94.

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.