Commerce Bank Invests $672,000 in Keurig Dr Pepper, Inc $KDP

Commerce Bank acquired a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, HoldingsChannel reports. The firm acquired 20,536 shares of the company’s stock, valued at approximately $672,000.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock valued at $530,000 after buying an additional 3,627 shares during the period. Empowered Funds LLC raised its stake in shares of Keurig Dr Pepper by 248.0% in the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock valued at $2,389,000 after buying an additional 49,741 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after acquiring an additional 33,258 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $328,000. Finally, Jump Financial LLC lifted its holdings in shares of Keurig Dr Pepper by 253.6% during the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock worth $2,516,000 after acquiring an additional 54,571 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Citigroup raised their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Morgan Stanley began coverage on Keurig Dr Pepper in a report on Thursday, August 20th. They set an “overweight” rating and a $38.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keurig Dr Pepper in a report on Friday, August 7th. Finally, The Goldman Sachs Group upgraded Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper Trading Up 1.2%

Shares of Keurig Dr Pepper stock opened at $32.21 on Thursday. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $33.82. The stock has a market capitalization of $43.83 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40. The company has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $29.45. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company’s revenue for the quarter was up 75.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Research analysts expect that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

About Keurig Dr Pepper

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.