Keurig Dr Pepper Inc Shares (NASDAQ:KDP) acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,891 shares of the company’s stock after buying an additional 11,584 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Keurig Dr Pepper were worth $4,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 643 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Keurig Dr Pepper by 617.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after acquiring an additional 685 shares during the period. Riverview Trust Co bought a new position in shares of Keurig Dr Pepper in the second quarter valued at about $39,000. GAMMA Investing LLC grew its position in shares of Keurig Dr Pepper by 210.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,319 shares of the company’s stock worth $44,000 after buying an additional 894 shares during the the period. Finally, Mather Group LLC. bought a new stake in shares of Keurig Dr Pepper in the first quarter worth about $45,000. Institutional investors and hedge funds own 85.23% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of brokerages have recently commented on KDP. JPMorgan Chase & Co. decreased their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. UBS Group boosted their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Wells Fargo & Company boosted their target price on shares of Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Finally, Barclays decreased their price objective on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus price target of $36.50, according to MarketBeat.com.

Read the latest inventory report on KDP

Keurig Dr Pepper trading up 1.2%

Shares of Keurig Dr Pepper stock opened at $36.61 on Friday. The company has a fifty day simple moving average of $34.12 and a 200 day simple moving average of $32.74. Keurig Dr Pepper Inc. it has a fifty-two week low of $27.66 and a fifty-two week high of $36.79. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. 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 (NASDAQ:KDP – Get Free Report ) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a net margin of 14.47% and a return on equity of 10.32%. Keurig Dr Pepper revenue rose 3.5% year-over-year. During the same period in the previous year, the company earned $0.42 EPS. On average, equities analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper profile

(Free report)

Keurig Dr Pepper Inc owns, manufactures and distributes unique brew beverages and systems in the United States and internationally. It operates through three segments: US Soft Drinks, US Coffee and International. The US Soft Drinks segment manufactures and distributes branded concentrates, syrups and finished beverages.

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