Nykredit A S Purchases New Holdings in Keurig Dr Pepper, Inc $KDP

Nykredit A S purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 270,919 shares of the company’s stock, valued at approximately $8,867,000.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Keurig Dr Pepper in the 2nd quarter valued at $4,697,645,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Keurig Dr Pepper during the fourth quarter worth $727,667,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter valued at $767,105,000. Norges Bank purchased a new stake in shares of Keurig Dr Pepper during the fourth quarter valued at $568,361,000. Finally, Capital International Investors grew its holdings in shares of Keurig Dr Pepper by 1,987.4% in the fourth quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after purchasing an additional 16,050,437 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays increased their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a research report on Wednesday, July 8th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper Stock Down 0.9%

Shares of KDP stock opened at $32.59 on Friday. The company has a market cap of $44.35 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock’s fifty day moving average price is $31.29 and its 200 day moving average price is $29.60. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Keurig Dr Pepper’s revenue was up 75.6% compared to the same quarter last year. On average, research analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, Director Aaron E. Alt bought 7,862 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director directly owned 7,862 shares in the company, valued at approximately $250,247.46. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Angela A. Stephens sold 9,500 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $32.70, for a total transaction of $310,650.00. Following the transaction, the vice president owned 55,786 shares of the company’s stock, valued at $1,824,202.20. This represents a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by corporate 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.