Van ECK Associates Corp Raises Stake in Keurig Dr Pepper, Inc $KDP

Van ECK Associates Corp lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 153.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,452 shares of the company’s stock after acquiring an additional 51,085 shares during the period. Van ECK Associates Corp’s holdings in Keurig Dr Pepper were worth $2,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nissay Asset Management Corp Japan increased its position in Keurig Dr Pepper by 6.3% during the second quarter. Nissay Asset Management Corp Japan now owns 396,430 shares of the company’s stock worth $12,975,000 after purchasing an additional 23,614 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Keurig Dr Pepper by 37.7% in the 2nd quarter. Hsbc Holdings PLC now owns 3,252,088 shares of the company’s stock valued at $107,163,000 after purchasing an additional 890,861 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $107,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $215,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $10,847,000. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Stock Up 0.9%

Shares of NASDAQ KDP opened at $32.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $31.31 and its two-hundred day moving average is $29.58. Keurig Dr Pepper, Inc has a 52-week low of $24.88 and a 52-week high of $33.82. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.55 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 75.6% on a year-over-year basis. Research analysts predict that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Insider Buying and Selling

In other news, Director Aaron Alt bought 7,862 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the acquisition, the director directly owned 7,862 shares of the company’s stock, valued at $250,247.46. The trade was a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company set a $37.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 1st. Barclays lifted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Finally, Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.94.

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.