Sanctuary Advisors LLC Takes $1.97 Million Position in Keurig Dr Pepper, Inc $KDP

Sanctuary Advisors LLC purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the second quarter, Holdings Channel.com reports. The fund purchased 60,222 shares of the company’s stock, valued at approximately $1,971,000.

Several other large investors have also bought and sold shares of the business. Auxier Asset Management raised its stake in Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after acquiring an additional 318 shares in the last quarter. Rossby Financial LCC grew its holdings 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. Wealth Watch Advisors INC grew its holdings in shares of Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in Keurig Dr Pepper by 19.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after purchasing an additional 420 shares in the last quarter. Finally, BOKF NA increased its position in Keurig Dr Pepper by 44.1% during the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after purchasing an additional 425 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on KDP shares. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, August 13th. UBS Group increased their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 1st. Barclays boosted their price objective on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Zacks Research cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Price Performance

KDP stock opened at $32.21 on Thursday. The company has a fifty day moving average price of $31.18 and a 200-day moving average price of $29.45. The company has a market capitalization of $43.83 billion, a P/E ratio of 32.54, a PEG ratio of 1.42 and a beta of 0.40. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. 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 (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. Keurig Dr Pepper’s revenue was up 75.6% compared to the same quarter last year. As a group, equities analysts expect 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.