Bank Julius Baer & Co. Ltd Zurich Has $73.95 Million Position in Keurig Dr Pepper, Inc $KDP

Bank Julius Baer & Co. Ltd Zurich lessened its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,635,126 shares of the company’s stock after selling 132,646 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Keurig Dr Pepper were worth $73,953,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Keurig Dr Pepper during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $26,000. Clearstead Trust LLC increased its stake in shares of Keurig Dr Pepper by 98.3% in the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after purchasing an additional 536 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 484 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after buying an additional 1,072 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Up 0.5%

Shares of KDP stock opened at $29.31 on Thursday. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The stock’s fifty day simple moving average is $27.30 and its 200 day simple moving average is $27.81. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $39.88 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.33 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. increased their target price on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Citigroup lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.57.

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.