Truist Financial Corp Reduces Position in Keurig Dr Pepper, Inc $KDP

Truist Financial Corp cut its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 72.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,746 shares of the company’s stock after selling 151,052 shares during the period. Truist Financial Corp’s holdings in Keurig Dr Pepper were worth $1,589,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KDP. Root Financial Partners LLC bought a new position in shares of Keurig Dr Pepper during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC grew its stake in shares of Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after buying an additional 536 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 484 shares during the period. Finally, Activest Wealth Management increased its stake in Keurig Dr Pepper by 5,642.1% in the fourth quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after purchasing an additional 1,072 shares during the period. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KDP. Wells Fargo & Company reduced their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Evercore set a $30.00 target price on Keurig Dr Pepper in a research note on Friday, April 24th. Zacks Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Citigroup decreased their price objective on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $31.57.

Keurig Dr Pepper Price Performance

KDP opened at $29.10 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $39.59 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.34 and a beta of 0.41. The business’s fifty day simple moving average is $27.29 and its 200-day simple moving average is $27.82. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, April 23rd. The company reported $0.39 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 the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

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.