Farther Finance Advisors LLC Acquires 7,620 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Farther Finance Advisors LLC boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 306.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,109 shares of the company’s stock after purchasing an additional 7,620 shares during the quarter. Farther Finance Advisors LLC’s holdings in Keurig Dr Pepper were worth $332,000 at the end of the most recent quarter.

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

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $37.23 on Thursday. The firm has a market cap of $50.47 billion, a PE ratio of 24.02, a PEG ratio of 2.75 and a beta of 0.62. The stock’s fifty day moving average price is $34.27 and its two-hundred day moving average price is $32.86. 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 1 year low of $27.66 and a 1 year high of $37.58.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their price objective for the company from $27.00 to $34.00 in a report on Monday, June 17th. UBS Group boosted their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 10th. Royal Bank of Canada restated an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a report on Friday, July 26th. Barclays cut their target price on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Wells Fargo & Company lifted their target price on 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper 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.