Concurrent Investment Advisors LLC Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Concurrent Investment Advisors LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,077 shares of the company’s stock, valued at approximately $337,000.

A number of other institutional investors have also bought and sold shares of the business. Capital World Investors raised its position in shares of Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after buying an additional 13,738,345 shares during the period. Vanguard Group Inc. raised its position in shares of Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after buying an additional 7,825,418 shares during the period. Capital International Investors increased its holdings in Keurig Dr Pepper by 1.3% in the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after purchasing an additional 730,112 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock valued at $725,487,000 after purchasing an additional 12,259,471 shares during the last quarter. Finally, Norges Bank acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $317,979,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $37.15 on Wednesday. The firm has a market capitalization of $50.36 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.75 and a beta of 0.62. The business’s fifty day moving average price is $34.21 and its 200 day moving average price is $32.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $37.58.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KDP has been the subject of several research reports. UBS Group lifted their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Wells Fargo & Company lifted their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price target for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Finally, BNP Paribas began coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

About Keurig Dr Pepper

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.