Wealthfront Advisers LLC Makes New $3.85 Million Investment in Keurig Dr Pepper, Inc $KDP

Wealthfront Advisers LLC bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 117,680 shares of the company’s stock, valued at approximately $3,852,000.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in Keurig Dr Pepper in the fourth quarter worth about $26,000. Meeder Asset Management Inc. raised its stake in Keurig Dr Pepper by 358.0% during 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. Activest Wealth Management raised its stake in Keurig Dr Pepper by 5,642.1% during the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after buying an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Keurig Dr Pepper during the 4th quarter worth approximately $31,000. Finally, Rossby Financial LCC lifted its holdings in 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 buying an additional 339 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Up 1.9%

Shares of NASDAQ KDP opened at $31.66 on Friday. The company has a market cap of $43.08 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 1.38 and a beta of 0.40. The stock’s 50 day simple moving average is $31.14 and its 200 day simple moving average is $29.33. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.59.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The firm’s revenue for the quarter was up 75.6% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a report on Wednesday, July 8th. 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 research note on Thursday, July 23rd. Morgan Stanley assumed coverage on shares of Keurig Dr Pepper in a research note on Thursday. They set an “overweight” rating and a $38.00 target price for the company. Citigroup increased their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, HSBC raised 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 report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.94.

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.