Crossmark Global Holdings Inc. Has $1.91 Million Position in Keurig Dr Pepper, Inc $KDP

Crossmark Global Holdings Inc. increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 80.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,267 shares of the company’s stock after buying an additional 30,532 shares during the period. Crossmark Global Holdings Inc.’s holdings in Keurig Dr Pepper were worth $1,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper in the fourth quarter worth $26,000. Root Financial Partners LLC bought a new stake in Keurig Dr Pepper in the third quarter worth $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares in the last quarter. Clearstead Trust LLC boosted its holdings in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KDP. Wells Fargo & Company decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Monday, April 27th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Barclays boosted their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.57.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $29.17 on Wednesday. The firm has a fifty day moving average price of $27.31 and a two-hundred day moving average price of $27.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company has a market cap of $39.69 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.31 and a beta of 0.41. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

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.