Keurig Dr Pepper, Inc $KDP Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 90.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,161,158 shares of the company’s stock after acquiring an additional 1,973,269 shares during the period. Thrivent Financial for Lutherans’ holdings in Keurig Dr Pepper were worth $115,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Auxier Asset Management increased its position in shares of Keurig Dr Pepper by 0.4% in the 2nd quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock valued at $2,386,000 after acquiring an additional 318 shares during the period. Park Avenue Securities LLC increased its position in shares of Keurig Dr Pepper by 3.0% in the 4th quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock valued at $383,000 after acquiring an additional 405 shares during the period. BOKF NA increased its position in shares of Keurig Dr Pepper by 44.1% in the 3rd quarter. BOKF NA now owns 1,388 shares of the company’s stock valued at $35,000 after acquiring an additional 425 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in shares of Keurig Dr Pepper by 0.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock valued at $1,472,000 after acquiring an additional 493 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KDP has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Evercore set a $30.00 target price on Keurig Dr Pepper in a research report on Friday, April 24th. Zacks Research raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Barclays upped their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Finally, Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.57.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $29.10 on Friday. The business’s 50-day moving average is $27.29 and its two-hundred day moving average is $27.82. The company has a market capitalization of $39.59 billion, a P/E ratio of 21.56, a P/E/G ratio of 1.34 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31. Keurig Dr Pepper, Inc has a fifty-two week low of $24.88 and a fifty-two week high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Research analysts predict 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.