Daiwa Securities Group Inc. Grows Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Daiwa Securities Group Inc. boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 7.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 193,948 shares of the company’s stock after buying an additional 13,654 shares during the period. Daiwa Securities Group Inc.’s holdings in Keurig Dr Pepper were worth $6,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KDP. Capital World Investors grew its holdings in Keurig Dr Pepper by 14.6% during the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after buying an additional 13,738,345 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Keurig Dr Pepper by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock worth $2,786,075,000 after purchasing an additional 7,825,418 shares during the period. Capital International Investors grew its holdings in Keurig Dr Pepper by 1.3% during the 4th quarter. Capital International Investors now owns 56,060,464 shares of the company’s stock valued at $1,867,937,000 after purchasing an additional 730,112 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Keurig Dr Pepper by 107.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,654,577 shares of the company’s stock worth $725,487,000 after purchasing an additional 12,259,471 shares during the period. Finally, Norges Bank purchased a new stake in Keurig Dr Pepper in the 4th quarter worth about $317,979,000. 85.23% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Down 0.4 %

Shares of NASDAQ KDP opened at $37.04 on Thursday. Keurig Dr Pepper Inc. has a 12-month low of $27.66 and a 12-month high of $37.58. The stock’s fifty day simple moving average is $34.66 and its two-hundred day simple moving average is $33.08. The stock has a market capitalization of $50.21 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.61. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on KDP shares. JPMorgan Chase & Co. cut their target price on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. 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 target price for the company. Barclays lowered their target price on shares of Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Wells Fargo & Company raised their price target on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Finally, Evercore ISI raised shares of Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus price target of $36.50.

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.