Danske Bank A S Buys Shares of 1,032,839 Keurig Dr Pepper, Inc $KDP

Danske Bank A S purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,032,839 shares of the company’s stock, valued at approximately $33,805,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Keurig Dr Pepper during the second quarter valued at $4,697,645,000. T. Rowe Price Investment Management Inc. acquired a new position in Keurig Dr Pepper in the 4th quarter valued at about $727,667,000. Norges Bank purchased a new position in Keurig Dr Pepper in the 4th quarter valued at about $568,361,000. Capital International Investors lifted its holdings in Keurig Dr Pepper by 1,987.4% in the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after purchasing an additional 16,050,437 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after purchasing an additional 15,393,753 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Zacks Research lowered shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a report on Wednesday, July 1st. Finally, BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average price target of $34.75.

Keurig Dr Pepper Trading Up 0.9%

NASDAQ KDP opened at $31.06 on Thursday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The company has a 50-day moving average of $31.13 and a 200-day moving average of $29.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The company has a market cap of $42.27 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.37 and a beta of 0.40.

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