Munich Reinsurance Co Stock Corp in Munich Sells 345,659 Shares of Keurig Dr Pepper, Inc $KDP

Munich Reinsurance Co Stock Corp in Munich lessened its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 10.0% during the second quarter, Holdings Channel reports. The fund owned 3,105,865 shares of the company’s stock after selling 345,659 shares during the period. Keurig Dr Pepper makes up 2.3% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 9th largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in Keurig Dr Pepper were worth $101,655,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth $4,697,645,000. T. Rowe Price Investment Management Inc. bought a new position in Keurig Dr Pepper in the 4th quarter valued at about $727,667,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $767,105,000. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $568,361,000. Finally, Capital International Investors lifted its holdings in shares of Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after acquiring an additional 16,050,437 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP traded up $0.38 during mid-day trading on Friday, hitting $32.04. 9,189,793 shares of the stock traded hands, compared to its average volume of 13,006,722. The company has a market cap of $43.60 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.59. 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 firm has a 50 day simple moving average of $31.15 and a two-hundred day simple moving average of $29.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The business 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%.The business’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, equities research analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal year.

Analyst Ratings Changes

KDP has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, August 4th. Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a research note on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Finally, UBS Group upped their price objective on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average 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.