Mitsubishi UFJ Asset Management Co. Ltd. Acquires 135,260 Shares of Keurig Dr Pepper, Inc $KDP

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 2,930,142 shares of the company’s stock after buying an additional 135,260 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $81,253,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper in the fourth quarter worth $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper during the third quarter worth $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Keurig Dr Pepper by 102,300.0% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after buying an additional 1,023 shares during the period. Clearstead Trust LLC boosted its stake in Keurig Dr Pepper by 98.3% during the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares during the period. Finally, Activest Wealth Management boosted its stake in Keurig Dr Pepper by 5,642.1% during the fourth 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. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on KDP shares. UBS Group lifted their price objective on shares of Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Citigroup dropped 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 research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft dropped 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 research note on Monday, March 30th. Barclays lifted their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Finally, BNP Paribas Exane raised shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $31.57.

Keurig Dr Pepper Stock Down 0.1%

Shares of KDP opened at $28.52 on Friday. The firm has a market capitalization of $38.80 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.30 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. 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 firm has a fifty day moving average price of $27.39 and a 200-day moving average price of $27.77.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

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.