M&T Bank Corp Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

M&T Bank Corp raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 94.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,603 shares of the company’s stock after purchasing an additional 28,923 shares during the quarter. M&T Bank Corp’s holdings in Keurig Dr Pepper were worth $1,669,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in shares of Keurig Dr Pepper by 1,546.0% in the third quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock worth $74,926,000 after buying an additional 2,758,685 shares during the last quarter. Man Group plc boosted its stake in shares of Keurig Dr Pepper by 4,084.2% in the third quarter. Man Group plc now owns 2,411,713 shares of the company’s stock worth $61,523,000 after buying an additional 2,354,075 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Keurig Dr Pepper by 2,129.0% in the third quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock worth $60,583,000 after buying an additional 2,268,336 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Keurig Dr Pepper by 1,538.4% in the third quarter. Two Sigma Investments LP now owns 1,788,162 shares of the company’s stock worth $45,616,000 after buying an additional 1,679,023 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Keurig Dr Pepper by 40.1% in the third quarter. Franklin Resources Inc. now owns 5,395,488 shares of the company’s stock worth $137,639,000 after buying an additional 1,543,458 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KDP shares. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Monday, April 27th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Evercore set a $30.00 target price on Keurig Dr Pepper in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, UBS Group upped their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

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

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, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations 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. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal 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.