Cambridge Investment Research Advisors Inc. Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Cambridge Investment Research Advisors Inc. lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 20.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,516 shares of the company’s stock after purchasing an additional 7,323 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Keurig Dr Pepper were worth $1,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KDP. Blue Trust Inc. increased its position in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock worth $26,000 after buying an additional 643 shares during the period. Riverview Trust Co purchased a new stake in Keurig Dr Pepper in the 2nd quarter valued at $39,000. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 894 shares during the period. Mather Group LLC. purchased a new position in Keurig Dr Pepper during the 1st quarter worth $45,000. Finally, EverSource Wealth Advisors LLC increased its stake in Keurig Dr Pepper by 122.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,367 shares of the company’s stock valued at $46,000 after purchasing an additional 753 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

KDP stock opened at $37.15 on Wednesday. The firm has a 50 day moving average of $34.21 and a 200-day moving average of $32.83. The company has a market cap of $50.36 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.75 and a beta of 0.62. 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 Inc. has a 12-month low of $27.66 and a 12-month high of $37.58.

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

Analyst Ratings Changes

KDP has been the topic of a number of research reports. Barclays lowered their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and boosted their target price for the company from $27.00 to $34.00 in a report on Monday, June 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $41.00 price target on shares of Keurig Dr Pepper in a report on Friday, July 26th. JPMorgan Chase & Co. dropped their price objective on shares of 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. Finally, UBS Group raised their target price on shares of Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and a consensus target price 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.