Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Holdings in Keurig Dr Pepper, Inc $KDP

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, Holdings Channel.com reports. The institutional investor bought 3,339,904 shares of the company’s stock, valued at approximately $109,315,000.

Several other hedge funds also recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its position in Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares in the last quarter. Activest Wealth Management lifted its stake in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at $31,000. Finally, Rossby Financial LCC raised 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 worth $31,000 after acquiring an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the subject of several research reports. UBS Group boosted their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Barclays upped their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Finally, Citigroup increased their price objective on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $34.75.

Keurig Dr Pepper Trading Up 1.7%

Shares of KDP stock opened at $30.79 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The stock has a fifty day moving average of $31.14 and a two-hundred day moving average of $29.28. The firm has a market capitalization 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 (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company’s revenue was up 75.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

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.