Sanctuary Advisors LLC Purchases New Position in Keurig Dr Pepper, Inc $KDP

Sanctuary Advisors LLC purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 60,222 shares of the company’s stock, valued at approximately $1,971,000.

Several other hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in shares of Keurig Dr Pepper by 358.0% in the first quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Keurig Dr Pepper by 102,300.0% in the 2nd 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 during the period. Rossby Financial LCC grew its holdings in Keurig Dr Pepper by 45.1% in the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after buying an additional 339 shares in the last quarter. Activest Wealth Management increased its position 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 worth $31,000 after buying an additional 1,072 shares during the period. Finally, Washington Trust Advisors Inc. bought a new position in Keurig Dr Pepper during the 4th quarter worth $31,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KDP has been the topic of several research reports. Barclays upped their price target on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Citigroup boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a research report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Finally, Morgan Stanley began coverage on shares of Keurig Dr Pepper in a research report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper Trading Up 1.2%

KDP opened at $32.21 on Thursday. The stock has a market capitalization of $43.83 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 1.42 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. The company has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $29.45.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm 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%. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current fiscal 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.