The Manufacturers Life Insurance Company Purchases Shares of 669,427 Keurig Dr Pepper, Inc $KDP

The Manufacturers Life Insurance Company acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 669,427 shares of the company’s stock, valued at approximately $21,910,000.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Keurig Dr Pepper during the second quarter valued at approximately $4,697,645,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at $727,667,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Keurig Dr Pepper in the second quarter valued at $767,105,000. Norges Bank acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at $568,361,000. Finally, Capital International Investors lifted its position in shares of Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after acquiring an additional 16,050,437 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 1.0%

NASDAQ KDP opened at $31.88 on Friday. The firm’s 50 day moving average price is $31.21 and its two-hundred day moving average price is $29.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.44 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates 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 for the quarter was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 earnings per share. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Aaron E. Alt acquired 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director owned 7,862 shares in the company, valued at approximately $250,247.46. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Citigroup upped their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.94.

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.