United Capital Financial Advisors LLC Invests $653,000 in Keurig Dr Pepper, Inc $KDP

United Capital Financial Advisors LLC bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,937 shares of the company’s stock, valued at approximately $653,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KDP. BlackRock Inc. acquired a new stake in Keurig Dr Pepper in the second quarter valued at about $4,697,645,000. State Street Corp increased its position in Keurig Dr Pepper by 1.6% during the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after purchasing an additional 986,700 shares during the period. Wellington Management Group LLP raised its stake in shares of Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after buying an additional 15,393,753 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Keurig Dr Pepper by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock worth $887,021,000 after buying an additional 1,187,457 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $727,667,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $31.86 on Tuesday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82. The company has a market capitalization of $43.36 billion, a P/E ratio of 32.18, a PEG ratio of 1.43 and a beta of 0.40. The business has a 50 day moving average price of $31.26 and a 200 day moving average price of $29.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data 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. The firm had revenue of $7.31 billion during 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%.Keurig Dr Pepper’s revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 8th. Barclays boosted their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a report on Thursday, June 25th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.94.

Insider Activity

In other news, Director Aaron E. Alt purchased 7,862 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $31.83 per share, with a total value of $250,247.46. Following the purchase, the director directly owned 7,862 shares of the company’s stock, valued at $250,247.46. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by company insiders.

About Keurig Dr Pepper

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.