Danica Pension Livsforsikringsaktieselskab Buys New Position in Keurig Dr Pepper, Inc $KDP

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 335,043 shares of the company’s stock, valued at approximately $10,966,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. lifted its position in Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 759 shares during the period. Activest Wealth Management boosted its stake in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in Keurig Dr Pepper during the fourth quarter valued at about $31,000. Finally, Rossby Financial LCC increased its stake 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 worth $31,000 after purchasing an additional 339 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Up 1.7%

Shares of Keurig Dr Pepper stock opened at $30.79 on Wednesday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The company has a 50-day moving average of $31.14 and a 200 day moving average of $29.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.40 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 75.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research report on Thursday, June 25th. Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.75.

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.