Meiji Yasuda Asset Management Co Ltd. Invests $1.11 Million in Keurig Dr Pepper, Inc $KDP

Meiji Yasuda Asset Management Co Ltd. acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 33,963 shares of the company’s stock, valued at approximately $1,112,000.

Several other institutional investors have also added to or reduced their stakes in KDP. Meeder Asset Management Inc. grew its stake in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 759 shares during the last quarter. Activest Wealth Management lifted 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 worth $31,000 after acquiring an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. purchased a new position in Keurig Dr Pepper during the 4th quarter valued at $31,000. Rossby Financial LCC boosted its holdings in 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 acquiring an additional 339 shares during the period. Finally, GW&K Investment Management LLC grew its position in Keurig Dr Pepper by 67.6% in the 4th quarter. GW&K Investment Management LLC now owns 1,118 shares of the company’s stock valued at $31,000 after acquiring an additional 451 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several research analyst reports. UBS Group lifted their target price on Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Barclays raised 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. Royal Bank Of Canada reiterated an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average price target of $34.94.

Keurig Dr Pepper Stock Up 1.5%

Shares of NASDAQ KDP opened at $32.51 on Tuesday. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82. The stock’s fifty day simple moving average is $31.16 and its two-hundred day simple moving average is $29.40. The stock has a market capitalization of $44.24 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm 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 business’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. As a group, analysts expect that Keurig Dr Pepper, Inc will post 2.3 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.