Commerzbank Aktiengesellschaft FI Takes Position in Keurig Dr Pepper, Inc $KDP

Commerzbank Aktiengesellschaft FI acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 79,469 shares of the company’s stock, valued at approximately $2,601,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Keurig Dr Pepper during the second quarter worth $109,315,000. OneDigital Investment Advisors LLC bought a new position in Keurig Dr Pepper in the 2nd quarter worth approximately $567,000. Plato Investment Management Ltd bought a new position in Keurig Dr Pepper during the second quarter worth $1,500,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $812,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Keurig Dr Pepper in the 2nd quarter valued at approximately $65,000. 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 $30.28 on Tuesday. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The company has a market capitalization of $41.21 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.40 and a beta of 0.40. The company has a 50-day simple moving average of $31.16 and a 200 day simple moving average of $29.25. 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 (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the firm earned $0.49 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 75.6% compared to the same quarter last year. On average, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s payout ratio is currently 92.93%.

Analyst Ratings Changes

KDP has been the subject of a number of analyst reports. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, August 13th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Finally, Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

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.