Osmosis Investment Management UK Ltd Acquires Shares of 367,489 Keurig Dr Pepper, Inc $KDP

Osmosis Investment Management UK Ltd bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 367,489 shares of the company’s stock, valued at approximately $12,028,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Keurig Dr Pepper during the second quarter valued at $4,697,645,000. T. Rowe Price Investment Management Inc. purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at about $727,667,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter valued at about $767,105,000. Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter valued at about $568,361,000. Finally, Capital International Investors increased its stake in Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after purchasing an additional 16,050,437 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Citigroup upped their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, August 13th. Morgan Stanley began coverage on Keurig Dr Pepper in a research note on Thursday. They issued an “overweight” rating and a $38.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $32.04 on Monday. The firm has a market capitalization of $43.60 billion, a P/E ratio of 32.36, a PEG ratio of 1.43 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.59. The business has a fifty day moving average of $31.15 and a 200 day moving average of $29.37.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. Keurig Dr Pepper’s revenue was up 75.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current 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.