Mitsubishi UFJ Asset Management Co. Ltd. Takes $109.31 Million Position in Keurig Dr Pepper, Inc $KDP

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,339,904 shares of the company’s stock, valued at approximately $109,315,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of Keurig Dr Pepper at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the 4th quarter valued at $26,000. Meeder Asset Management Inc. grew its holdings in shares of Keurig Dr Pepper by 358.0% during the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after buying an additional 759 shares in the last quarter. Activest Wealth Management raised its position in shares of Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after buying an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $31,000. Finally, Rossby Financial LCC lifted its stake in shares of Keurig Dr Pepper by 45.1% in the fourth quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after buying an additional 339 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $30.79 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $31.14 and a 200 day moving average price of $29.28. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The stock has a market cap of $41.90 billion, a P/E 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 for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. Keurig Dr Pepper’s revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KDP. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Citigroup boosted their target price on Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. UBS Group upped their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein set a $39.00 price target on Keurig Dr Pepper in a report on Wednesday, July 8th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus 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.