Canada Pension Plan Investment Board Invests $61.94 Million in Keurig Dr Pepper, Inc $KDP

Canada Pension Plan Investment Board bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, Holdings Channel reports. The fund bought 1,892,435 shares of the company’s stock, valued at approximately $61,939,000.

Other hedge funds also recently bought and sold shares of the company. Auxier Asset Management lifted its holdings 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 buying an additional 318 shares during the period. Rossby Financial LCC increased its stake in shares of Keurig Dr Pepper by 45.1% during the fourth 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 period. Wealth Watch Advisors INC increased its stake in shares of Keurig Dr Pepper by 18.3% during the fourth 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 period. Transamerica Financial Advisors LLC raised its holdings in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock valued at $72,000 after acquiring an additional 420 shares in the last quarter. Finally, BOKF NA raised its holdings in shares of Keurig Dr Pepper by 44.1% during the third quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $31.88 on Friday. The company’s fifty day moving average price is $31.21 and its 200-day moving average price is $29.48. The stock has a market cap of $43.38 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.44 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. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the business earned $0.49 EPS. Keurig Dr Pepper’s quarterly revenue was up 75.6% compared to the same quarter last year. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Aaron E. Alt acquired 7,862 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the acquisition, the director owned 7,862 shares in the company, valued at $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, August 13th. Wells Fargo & Company set a $37.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley started coverage on shares of Keurig Dr Pepper in a research note on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price on the stock. Finally, Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.