Moloney Securities Asset Management LLC Buys New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Moloney Securities Asset Management LLC purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,070 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital World Investors grew its stake 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 acquiring an additional 13,738,345 shares during the period. Vanguard Group Inc. lifted its holdings in Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares in the last quarter. Capital International Investors boosted its position in shares of 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 during the period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 shares of Keurig Dr Pepper during the 4th quarter valued at $317,979,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

KDP has been the subject of several recent analyst reports. BNP Paribas started coverage on shares of Keurig Dr Pepper in a report on Monday, June 24th. They issued a “neutral” rating and a $36.00 target price for the company. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price objective for the stock from $27.00 to $34.00 in a research note on Monday, June 17th. 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 note on Wednesday, June 5th. UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Price Performance

Keurig Dr Pepper stock opened at $36.61 on Friday. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $36.79. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.60 and a beta of 0.62. The firm’s fifty day moving average is $34.12 and its 200 day moving average is $32.73. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

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

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.