Public Employees Retirement System of Ohio Acquires New Position in Keurig Dr Pepper, Inc $KDP

Public Employees Retirement System of Ohio acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 369,783 shares of the company’s stock, valued at approximately $12,103,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its stake in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth $31,000. Rossby Financial LCC grew its stake in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Keurig Dr Pepper by 67.6% in the fourth quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after purchasing an additional 451 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after buying an additional 1,023 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $32.18 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. The business’s fifty day moving average price is $31.24 and its two-hundred day moving average price is $29.50. The stock has a market cap of $43.79 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KDP shares. 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 note on Tuesday, July 14th. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. Zacks Research downgraded Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company set a $37.00 price objective on shares of 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 issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.94.

Insider Activity at Keurig Dr Pepper

In other news, Director Aaron E. Alt purchased 7,862 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the completion of the acquisition, the director directly owned 7,862 shares in the company, valued at $250,247.46. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

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.