Nissay Asset Management Corp Japan Acquires 23,614 Shares of Keurig Dr Pepper, Inc $KDP

Nissay Asset Management Corp Japan boosted its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.3% during the second quarter, Holdings Channel.com reports. The firm owned 396,430 shares of the company’s stock after acquiring an additional 23,614 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Keurig Dr Pepper were worth $12,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of Keurig Dr Pepper by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after buying an additional 3,627 shares during the last quarter. Empowered Funds LLC boosted its holdings in Keurig Dr Pepper by 248.0% in the first quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after acquiring an additional 49,741 shares in the last quarter. Woodline Partners LP grew its stake in shares of Keurig Dr Pepper by 49.2% in the first 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 last quarter. Sivia Capital Partners LLC bought a new position in shares of Keurig Dr Pepper during the second quarter valued at $328,000. Finally, Jump Financial LLC increased its holdings in shares of Keurig Dr Pepper by 253.6% during the second quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after acquiring an additional 54,571 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KDP. Royal Bank Of Canada reiterated an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Sanford C. Bernstein set a $39.00 price objective on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.94.

Keurig Dr Pepper Trading Up 0.9%

Keurig Dr Pepper stock opened at $32.18 on Friday. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82. The business’s fifty day moving average is $31.24 and its 200 day moving average is $29.50. The stock has a market capitalization of $43.79 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28.

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

Insider Activity at Keurig Dr Pepper

In related news, Director Aaron E. Alt acquired 7,862 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of $31.83 per share, with a total value of $250,247.46. Following the completion of the acquisition, the director directly owned 7,862 shares of the company’s stock, valued at approximately $250,247.46. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

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.