Korea Investment CORP Invests $15.28 Million in Keurig Dr Pepper, Inc $KDP

Korea Investment CORP purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 466,758 shares of the company’s stock, valued at approximately $15,277,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Keurig Dr Pepper in the 2nd quarter worth about $4,697,645,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $727,667,000. Norges Bank purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $568,361,000. Capital International Investors grew its stake in 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 in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after purchasing an additional 15,393,753 shares during the period. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley began coverage on Keurig Dr Pepper in a research report on Thursday. They set an “overweight” rating and a $38.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. 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 target price on the stock in a research report on Thursday, August 13th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.94.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $32.04 on Monday. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.59. The business’s fifty day simple moving average is $31.15 and its 200-day simple moving average is $29.37. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The company has a market cap of $43.60 billion, a PE ratio of 32.36, a PEG ratio of 1.43 and a beta of 0.40.

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

Keurig Dr Pepper 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.