Securian Asset Management Inc. Decreases Stake in Keurig Dr Pepper, Inc $KDP

Securian Asset Management Inc. cut its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,942 shares of the company’s stock after selling 28,662 shares during the period. Securian Asset Management Inc.’s holdings in Keurig Dr Pepper were worth $1,035,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper in the 4th quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Keurig Dr Pepper during the 3rd quarter valued at approximately $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Keurig Dr Pepper by 102,300.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after purchasing an additional 1,023 shares in the last quarter. Clearstead Trust LLC increased its position in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after purchasing an additional 536 shares during the last quarter. Finally, Activest Wealth Management increased its position 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 purchasing an additional 1,072 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KDP shares. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Monday, April 27th. Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Citigroup dropped their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, UBS Group boosted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Trading Up 1.6%

Shares of NASDAQ KDP opened at $29.17 on Wednesday. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94. 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 company has a market cap of $39.69 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.31 and a beta of 0.41. The business’s 50 day moving average price is $27.31 and its 200-day moving average price is $27.79.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the previous year, the business earned $0.42 EPS. Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share 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.