Legal & General Group Plc Takes $269.34 Million Position in Keurig Dr Pepper, Inc $KDP

Legal & General Group Plc acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,228,986 shares of the company’s stock, valued at approximately $269,336,000.

A number of other hedge funds have also recently bought and sold shares of KDP. Auxier Asset Management increased its position in Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the period. Rossby Financial LCC boosted its stake in shares of 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 purchasing an additional 339 shares during the last quarter. Wealth Watch Advisors INC grew its position in shares of Keurig Dr Pepper by 18.3% during the 4th quarter. Wealth Watch Advisors INC now owns 2,407 shares of the company’s stock worth $67,000 after buying an additional 373 shares during the period. Transamerica Financial Advisors LLC raised its stake in shares of Keurig Dr Pepper by 19.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,567 shares of the company’s stock worth $72,000 after buying an additional 420 shares during the last quarter. Finally, BOKF NA raised its stake in shares of Keurig Dr Pepper by 44.1% during the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 425 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on KDP. 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. Barclays increased their target price on 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 upped their price target on Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. UBS Group upped their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper Trading Up 1.2%

KDP stock opened at $32.21 on Thursday. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82. The stock has a market cap of $43.83 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40. The company has a fifty day moving average price of $31.18 and a two-hundred day moving average price of $29.45. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data 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%. The company’s revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current 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.