World Investment Advisors Acquires Shares of 23,577 Keurig Dr Pepper, Inc $KDP

World Investment Advisors acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,577 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AustralianSuper Pty Ltd bought a new stake in Keurig Dr Pepper in the 3rd quarter valued at $1,217,000. Bank of New York Mellon Corp grew its stake in Keurig Dr Pepper by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company’s stock valued at $202,221,000 after buying an additional 223,160 shares during the last quarter. Candriam S.C.A. grew its stake in Keurig Dr Pepper by 50.9% in the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after buying an additional 127,389 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Keurig Dr Pepper by 69.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company’s stock valued at $2,660,000 after buying an additional 43,223 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its stake in Keurig Dr Pepper by 83.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock valued at $5,228,000 after buying an additional 93,374 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

KDP has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Zacks Research raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Barclays raised their price target on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. 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’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $31.57.

Keurig Dr Pepper Price Performance

KDP stock opened at $28.85 on Wednesday. The stock has a market capitalization of $39.25 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41. The company’s 50-day moving average is $27.33 and its 200-day moving average is $27.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

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