7,960 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Bought by AA Financial Advisors LLC

AA Financial Advisors LLC purchased a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,960 shares of the company’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors grew its position in Keurig Dr Pepper by 14.6% in the 4th quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock worth $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 acquiring an additional 12,259,471 shares during the last quarter. Norges Bank bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $317,979,000. Vanguard Group Inc. lifted its holdings in Keurig Dr Pepper by 9.4% during the first quarter. Vanguard Group Inc. now owns 90,840,391 shares of the company’s stock valued at $2,786,075,000 after purchasing an additional 7,825,418 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new stake in Keurig Dr Pepper during the fourth quarter valued at about $105,569,000. 85.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Wells Fargo & Company boosted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. JPMorgan Chase & Co. cut their target price 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. Barclays decreased their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Truist Financial upgraded shares of Keurig Dr Pepper from a “sell” rating to a “hold” rating and raised their price objective for the company from $27.00 to $34.00 in a research report on Monday, June 17th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Keurig Dr Pepper Trading Up 0.2 %

KDP traded up $0.07 during midday trading on Wednesday, reaching $35.22. 750,681 shares of the company’s stock traded hands, compared to its average volume of 9,084,860. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $35.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. The firm has a fifty day moving average of $33.72 and a two-hundred day moving average of $32.35. The stock has a market capitalization of $47.74 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 2.60 and a beta of 0.62.

Keurig Dr Pepper (NASDAQ:KDP) last announced its earnings results on Thursday, July 25th. The company reported $0.45 EPS 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 return on equity of 10.32% and a net margin of 14.47%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Matthew Andrew Archambault sold 8,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total transaction of $273,520.00. Following the completion of the transaction, the insider now owns 12,565 shares of the company’s stock, valued at $429,597.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

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.