World Investment Advisors Invests $629,000 in Keurig Dr Pepper, Inc $KDP

World Investment Advisors bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 23,577 shares of the company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KDP. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock worth $4,508,456,000 after buying an additional 1,538,456 shares in the last quarter. State Street Corp boosted its holdings in shares of Keurig Dr Pepper by 1.6% during the third quarter. State Street Corp now owns 64,594,706 shares of the company’s stock worth $1,662,361,000 after purchasing an additional 986,700 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Keurig Dr Pepper by 0.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,558,966 shares of the company’s stock worth $524,459,000 after purchasing an additional 182,341 shares during the last quarter. Bank of America Corp DE boosted its holdings in Keurig Dr Pepper by 8.8% in the second quarter. Bank of America Corp DE now owns 11,231,214 shares of the company’s stock valued at $371,304,000 after acquiring an additional 904,585 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Keurig Dr Pepper by 7.0% in the third quarter. Legal & General Group Plc now owns 8,725,332 shares of the company’s stock valued at $222,582,000 after acquiring an additional 569,469 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 2.0%

KDP stock opened at $28.85 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $35.94. The company has a 50-day moving average of $27.33 and a two-hundred day moving average of $27.83. The stock has a market capitalization of $39.25 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on KDP shares. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. UBS Group lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Barclays increased their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Evercore set a $30.00 price objective on Keurig Dr Pepper in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.57.

About Keurig Dr Pepper

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.