3,252,088 Shares in Keurig Dr Pepper, Inc $KDP Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, HoldingsChannel reports. The fund acquired 3,252,088 shares of the company’s stock, valued at approximately $107,163,000.

A number of other institutional investors also recently modified their holdings of KDP. Vanguard Group Inc. grew its stake in shares of Keurig Dr Pepper by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 160,958,816 shares of the company’s stock valued at $4,508,456,000 after purchasing an additional 1,538,456 shares during the last quarter. BlackRock Inc. acquired a new position in Keurig Dr Pepper during the 2nd quarter worth $4,697,645,000. State Street Corp boosted its position in Keurig Dr Pepper by 1.6% in the 3rd quarter. State Street Corp now owns 64,594,706 shares of the company’s stock valued at $1,662,361,000 after buying an additional 986,700 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after buying an additional 15,393,753 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Keurig Dr Pepper by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 31,802,056 shares of the company’s stock valued at $887,021,000 after buying an additional 1,187,457 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 2.1%

KDP opened at $31.84 on Wednesday. The firm’s fifty day moving average is $31.16 and its two-hundred day moving average is $29.42. The firm has a market cap of $43.33 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.45 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $33.82. 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 (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The firm’s revenue was up 75.6% on a year-over-year basis. Equities research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley initiated coverage on shares of Keurig Dr Pepper in a report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price objective on the stock. UBS Group lifted their target price on shares of Keurig Dr Pepper from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group raised Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Eleven investment 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 has an average rating of “Moderate Buy” and an average price target of $34.94.

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.