Northwestern Mutual Wealth Management Co. Makes New Investment in Keurig Dr Pepper, Inc $KDP

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,929 shares of the company’s stock, valued at approximately $783,000.

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

Analysts Set New Price Targets

KDP has been the subject of several recent research reports. Morgan Stanley began coverage on shares of Keurig Dr Pepper in a report on Thursday, August 20th. They set an “overweight” rating and a $38.00 target price for the company. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Keurig Dr Pepper in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.94.

Keurig Dr Pepper Stock Up 1.2%

KDP stock opened at $32.21 on Thursday. The stock has a market capitalization of $43.83 billion, a P/E ratio of 32.54, a P/E/G ratio of 1.42 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, Inc has a 1-year low of $24.88 and a 1-year high of $33.82. The business has a fifty day moving average price of $31.18 and a 200-day moving average price of $29.45.

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