Oppenheimer & Co. Inc. Invests $574,000 in Keurig Dr Pepper, Inc $KDP

Oppenheimer & Co. Inc. purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,481 shares of the company’s stock, valued at approximately $574,000.

Several other large investors have also recently added to or reduced their stakes in KDP. AustralianSuper Pty Ltd bought a new position in shares of Keurig Dr Pepper in the third quarter worth about $1,217,000. Bank of New York Mellon Corp raised its stake in Keurig Dr Pepper by 2.9% during 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 purchasing an additional 223,160 shares during the period. Candriam S.C.A. raised its stake in Keurig Dr Pepper by 50.9% during the 3rd quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock valued at $9,634,000 after purchasing an additional 127,389 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings 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 worth $2,660,000 after purchasing an additional 43,223 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co boosted 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 worth $5,228,000 after purchasing an additional 93,374 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of Keurig Dr Pepper stock opened at $28.83 on Friday. The stock has a market cap of $39.22 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.30 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. The stock has a 50 day moving average price of $27.39 and a 200-day moving average price of $27.77. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company 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%.Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. Equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KDP shares. Barclays increased their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Monday, April 27th. UBS Group upped their target price on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup reduced their price target on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.57.

Keurig Dr Pepper Company 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.