Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires Shares of 8,235 Keurig Dr Pepper Inc. (NASDAQ:KDP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,235 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds have also recently made changes to their positions in KDP. International Assets Investment Management LLC bought a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $3,616,000. CWM LLC boosted its position in shares of Keurig Dr Pepper by 17.6% in the 4th quarter. CWM LLC now owns 18,913 shares of the company’s stock worth $630,000 after purchasing an additional 2,830 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of Keurig Dr Pepper by 23.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 59,037 shares of the company’s stock worth $1,967,000 after purchasing an additional 11,106 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in Keurig Dr Pepper by 24.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,249 shares of the company’s stock valued at $741,000 after acquiring an additional 4,367 shares in the last quarter. Finally, Meritage Portfolio Management lifted its position in Keurig Dr Pepper by 53.5% in the 4th quarter. Meritage Portfolio Management now owns 140,415 shares of the company’s stock valued at $4,679,000 after acquiring an additional 48,946 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. UBS Group upped their price objective on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. BNP Paribas initiated coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They issued a “neutral” rating and a $36.00 price objective on the stock. Finally, Truist Financial upgraded shares of 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 research note 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.50.

Keurig Dr Pepper Trading Up 0.2 %

Shares of KDP stock opened at $35.73 on Friday. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $35.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a market capitalization of $48.43 billion, a PE ratio of 23.05, a PEG ratio of 2.60 and a beta of 0.62. The stock has a fifty day simple moving average of $33.93 and a two-hundred day simple moving average of $32.55.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) 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 business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business posted $0.42 EPS. Keurig Dr Pepper’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

About Keurig Dr Pepper

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.