Principal Financial Group Inc. Purchases 47,184 Shares of Keurig Dr Pepper, Inc $KDP

Principal Financial Group Inc. boosted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,552,636 shares of the company’s stock after purchasing an additional 47,184 shares during the period. Principal Financial Group Inc.’s holdings in Keurig Dr Pepper were worth $43,489,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Keurig Dr Pepper in the 4th quarter worth about $355,000. Intact Investment Management Inc. bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at approximately $7,672,000. CM Management LLC grew its position in shares of Keurig Dr Pepper by 25.0% during the 4th quarter. CM Management LLC now owns 100,000 shares of the company’s stock valued at $2,801,000 after acquiring an additional 20,000 shares during the period. Benjamin Edwards Inc. grew its position in shares of Keurig Dr Pepper by 2.3% during the 4th quarter. Benjamin Edwards Inc. now owns 33,474 shares of the company’s stock valued at $938,000 after acquiring an additional 742 shares during the period. Finally, Caisse Des Depots ET Consignations grew its position in shares of Keurig Dr Pepper by 25.6% during the 4th quarter. Caisse Des Depots ET Consignations now owns 231,182 shares of the company’s stock valued at $6,475,000 after acquiring an additional 47,120 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Up 1.1%

Shares of KDP stock opened at $28.83 on Friday. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.30 and a beta of 0.41. The company’s fifty day simple moving average is $27.39 and its two-hundred day simple moving average is $27.77. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. 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 (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company reduced their target price on shares of Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Zacks Research raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. One investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.57.

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.