John G Ullman & Associates Inc. Buys Shares of 158,600 Keurig Dr Pepper, Inc $KDP

John G Ullman & Associates Inc. bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 158,600 shares of the company’s stock, valued at approximately $4,442,000.

Several other institutional investors also recently bought and sold shares of the stock. Canada Post Corp Registered Pension Plan raised its holdings in Keurig Dr Pepper by 32.0% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 29,720 shares of the company’s stock valued at $832,000 after buying an additional 7,210 shares in the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of Keurig Dr Pepper by 37.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 4,548 shares of the company’s stock worth $127,000 after purchasing an additional 1,233 shares during the period. Stephens Inc. AR lifted its position in shares of Keurig Dr Pepper by 10.0% during the 4th quarter. Stephens Inc. AR now owns 8,945 shares of the company’s stock worth $251,000 after purchasing an additional 814 shares during the last quarter. AlphaCore Capital LLC lifted its position in shares of Keurig Dr Pepper by 62.2% during the 4th quarter. AlphaCore Capital LLC now owns 7,287 shares of the company’s stock worth $204,000 after purchasing an additional 2,794 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Keurig Dr Pepper by 47.4% during the 4th quarter. DNB Asset Management AS now owns 635,246 shares of the company’s stock valued at $17,793,000 after purchasing an additional 204,385 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KDP has been the topic of several recent analyst reports. Citigroup dropped their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. BNP Paribas Exane raised 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. UBS Group raised their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. One 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 stock. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Performance

KDP opened at $28.93 on Friday. The stock has a market cap of $39.36 billion, a PE ratio of 21.43, a P/E/G ratio of 1.32 and a beta of 0.41. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The stock’s 50 day simple moving average is $27.29 and its 200-day simple moving average is $27.83.

Keurig Dr Pepper (NASDAQ:KDP) last released 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. The business had revenue of $3.98 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

About Keurig Dr Pepper

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.