NorthRock Partners LLC Buys Shares of 405,382 Keurig Dr Pepper Inc. (NASDAQ:KDP)

NorthRock Partners LLC bought a new stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 405,382 shares of the company's stock, valued at approximately $13,021,000.

A number of other hedge funds have also recently made changes to their positions in KDP. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after acquiring an additional 22,856,757 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after buying an additional 8,363,192 shares during the last quarter. Norges Bank bought a new stake in Keurig Dr Pepper during the 4th quarter valued at $197,819,000. Finally, Wellington Management Group LLP raised its holdings in Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the sale, the vice president now directly owns 62,411 shares in the company, valued at $2,136,952.64. This trade represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450 in the last three months. 0.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. UBS Group upped their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the company from $36.00 to $42.00 in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper Stock Up 0.8%

Shares of NASDAQ:KDP traded up $0.28 during midday trading on Friday, reaching $33.82. The company's stock had a trading volume of 8,578,351 shares, compared to its average volume of 10,534,553. The firm has a 50 day moving average of $34.22 and a 200-day moving average of $33.01. The firm has a market capitalization of $45.93 billion, a P/E ratio of 20.50, a PEG ratio of 2.42 and a beta of 0.52. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Company 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.