DNB Asset Management AS Increases Holdings in Keurig Dr Pepper, Inc $KDP

DNB Asset Management AS increased its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 47.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 635,246 shares of the company’s stock after purchasing an additional 204,385 shares during the quarter. DNB Asset Management AS’s holdings in Keurig Dr Pepper were worth $17,793,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KDP. AustralianSuper Pty Ltd purchased a new position in Keurig Dr Pepper during the third quarter worth about $1,217,000. Bank of New York Mellon Corp lifted its stake in Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock worth $202,221,000 after purchasing an additional 223,160 shares during the last quarter. Candriam S.C.A. lifted its stake in Keurig Dr Pepper by 50.9% during the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after purchasing an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Keurig Dr Pepper by 69.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock worth $2,660,000 after purchasing an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its stake in Keurig Dr Pepper by 83.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after purchasing an additional 93,374 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KDP shares. Citigroup dropped their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Evercore set a $30.00 price target on Keurig Dr Pepper in a research note on Friday, April 24th. Barclays lifted their price target on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company dropped their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.57.

Keurig Dr Pepper Trading Down 0.6%

NASDAQ KDP opened at $28.93 on Friday. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $27.29 and a 200-day moving average of $27.83. The firm has a market cap of $39.36 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the company posted $0.42 EPS. Keurig Dr Pepper’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

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.