OneDigital Investment Advisors LLC Purchases Shares of 17,309 Keurig Dr Pepper, Inc $KDP

OneDigital Investment Advisors LLC acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,309 shares of the company’s stock, valued at approximately $567,000.

A number of other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in Keurig Dr Pepper in the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. increased its position in shares of Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 759 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at $31,000. Finally, Rossby Financial LCC lifted its position in shares of Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock worth $31,000 after purchasing an additional 339 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Wells Fargo & Company set a $37.00 price target on Keurig Dr Pepper in a report on Wednesday, July 1st. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, August 13th. UBS Group increased their price objective on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Keurig Dr Pepper Stock Performance

Shares of KDP stock opened at $30.79 on Wednesday. The stock’s 50-day moving average is $31.14 and its two-hundred day moving average is $29.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 0.48. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.40 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business’s revenue was up 75.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. 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.