Danica Pension Livsforsikringsaktieselskab Takes $10.97 Million Position in Keurig Dr Pepper, Inc $KDP

Danica Pension Livsforsikringsaktieselskab purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 335,043 shares of the company’s stock, valued at approximately $10,966,000.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at $26,000. Meeder Asset Management Inc. boosted its position in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the last quarter. Activest Wealth Management grew its stake 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 valued at $31,000 after purchasing an additional 1,072 shares during the period. Washington Trust Advisors Inc. bought a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $31,000. Finally, Rossby Financial LCC increased its position in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $30.79 on Wednesday. The firm has a fifty day moving average price of $31.14 and a 200-day moving average price of $29.28. 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 stock has a market cap of $41.90 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40. 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 announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company’s revenue was up 75.6% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Thursday, August 13th. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

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.