Lake Street Advisors Group LLC Has $248,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Lake Street Advisors Group LLC lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,382 shares of the company’s stock after acquiring an additional 599 shares during the period. Lake Street Advisors Group LLC’s holdings in Keurig Dr Pepper were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in Keurig Dr Pepper by 312.1% in the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after acquiring an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Keurig Dr Pepper by 617.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after purchasing an additional 685 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Keurig Dr Pepper by 51.5% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $35,000. Finally, Riverview Trust Co bought a new stake in Keurig Dr Pepper during the 2nd quarter worth approximately $39,000. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, July 19th. JPMorgan Chase & Co. lowered their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. BNP Paribas began coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Trading Up 1.1 %

Shares of Keurig Dr Pepper stock opened at $37.27 on Tuesday. The stock has a market cap of $50.54 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.77 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $37.58. The business’s 50 day moving average is $34.49 and its 200-day moving average is $33.00.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.