John G Ullman & Associates Inc. Invests $4.44 Million in Keurig Dr Pepper, Inc $KDP

John G Ullman & Associates Inc. bought a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 158,600 shares of the company’s stock, valued at approximately $4,442,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Auxier Asset Management boosted its position in shares of Keurig Dr Pepper by 0.4% in the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after buying an additional 318 shares during the period. Park Avenue Securities LLC boosted its position in shares of Keurig Dr Pepper by 3.0% in the fourth quarter. Park Avenue Securities LLC now owns 13,691 shares of the company’s stock worth $383,000 after buying an additional 405 shares during the period. BOKF NA boosted its position in shares of Keurig Dr Pepper by 44.1% in the third quarter. BOKF NA now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 425 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 484 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Keurig Dr Pepper by 0.9% in the third quarter. Ameritas Investment Partners Inc. now owns 57,687 shares of the company’s stock worth $1,472,000 after buying an additional 493 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $28.93 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The business has a fifty day simple moving average of $27.29 and a 200 day simple moving average of $27.83. The firm has a market cap of $39.36 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.32 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the company earned $0.42 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BNP Paribas Exane raised Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Zacks Research raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.57.

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.