Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 412,100 shares of the company’s stock after selling 11,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Keurig Dr Pepper were worth $13,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Keurig Dr Pepper in the fourth quarter worth $3,616,000. CWM LLC lifted its stake in shares of Keurig Dr Pepper by 17.6% in the fourth quarter. CWM LLC now owns 18,913 shares of the company’s stock valued at $630,000 after purchasing an additional 2,830 shares during the period. Atria Wealth Solutions Inc. grew its position in Keurig Dr Pepper by 23.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 59,037 shares of the company’s stock worth $1,967,000 after buying an additional 11,106 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Keurig Dr Pepper by 24.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,249 shares of the company’s stock valued at $741,000 after buying an additional 4,367 shares in the last quarter. Finally, Meritage Portfolio Management lifted its position in shares of Keurig Dr Pepper by 53.5% during the 4th quarter. Meritage Portfolio Management now owns 140,415 shares of the company’s stock valued at $4,679,000 after acquiring an additional 48,946 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 0.2 %

NASDAQ:KDP traded up $0.06 during mid-day trading on Friday, reaching $35.73. The company’s stock had a trading volume of 3,964,073 shares, compared to its average volume of 8,990,463. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The stock has a market cap of $48.43 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.60 and a beta of 0.62. The company’s fifty day simple moving average is $33.93 and its two-hundred day simple moving average is $32.56. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.96.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays dropped their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. BNP Paribas began coverage on shares of Keurig Dr Pepper in a research note on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company increased their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.