OMERS ADMINISTRATION Corp Takes $1.98 Million Position in Keurig Dr Pepper, Inc $KDP

OMERS ADMINISTRATION Corp bought a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the second quarter, HoldingsChannel reports. The firm bought 60,402 shares of the company’s stock, valued at approximately $1,977,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Osmosis Investment Management UK Ltd acquired a new position in Keurig Dr Pepper during the second quarter valued at approximately $12,028,000. Sanctuary Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $1,971,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $1,112,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth approximately $767,105,000. Finally, Twin Tree Management LP acquired a new stake in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $2,209,000. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities 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 increased their price target on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Wells Fargo & Company set a $37.00 target price on shares of Keurig Dr Pepper in a report on Wednesday, July 1st. Finally, HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $34.94.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ KDP opened at $32.21 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The stock’s fifty day moving average price is $31.18 and its two-hundred day moving average price is $29.45. Keurig Dr Pepper, Inc has a one year low of $24.88 and a one year high of $33.82. The firm has a market cap of $43.83 billion, a price-to-earnings ratio of 32.54, a P/E/G ratio of 1.42 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the firm earned $0.49 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 75.6% compared to the same quarter last year. On average, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.3 EPS for the current 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.