Ilmarinen Mutual Pension Insurance Co raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 48.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,000 shares of the company’s stock after purchasing an additional 65,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $7,056,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of KDP. Ahrens Investment Partners LLC acquired a new stake in shares of Keurig Dr Pepper in the first quarter worth $27,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $34,000. Kepos Capital LP acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $36,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Keurig Dr Pepper during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 52.29% of the company’s stock.
Keurig Dr Pepper Price Performance
KDP opened at $33.26 on Wednesday. The firm has a market cap of $46.47 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Keurig Dr Pepper Inc. has a fifty-two week low of $30.47 and a fifty-two week high of $39.73. The company’s 50-day moving average price is $33.04 and its 200 day moving average price is $33.00. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.39.
Analyst Ratings Changes
A number of research firms have weighed in on KDP. StockNews.com initiated coverage on shares of Keurig Dr Pepper in a research report on Wednesday, August 23rd. They issued a “hold” rating for the company. Morgan Stanley upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Thursday, July 6th. Wedbush reduced their target price on Keurig Dr Pepper from $40.00 to $37.00 in a research note on Tuesday, July 11th. JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, July 17th. Finally, Barclays raised their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus target price of $37.10.
View Our Latest Report on Keurig Dr Pepper
Insiders Place Their Bets
In other news, insider Karin Rotem-Wildeman bought 47,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price of $34.37 per share, for a total transaction of $1,615,390.00. Following the transaction, the insider now owns 56,514 shares in the company, valued at $1,942,386.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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