NorthRock Partners LLC Makes New $13.02 Million Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

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

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP grew its position in shares of 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 worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Keurig Dr Pepper by 36.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after purchasing an additional 14,473,054 shares in the last quarter. Geode Capital Management LLC lifted its stake in Keurig Dr Pepper by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company's stock valued at $784,974,000 after buying an additional 1,962,195 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Keurig Dr Pepper by 19.6% in the fourth quarter. Invesco Ltd. now owns 21,605,610 shares of the company's stock worth $693,972,000 after purchasing an additional 3,539,463 shares in the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KDP shares. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. UBS Group lifted their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. HSBC upgraded 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 research report on Friday, April 25th. Finally, Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

Insider Buying and Selling at Keurig Dr Pepper

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Angela A. Stephens sold 7,350 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the sale, the vice president now owns 74,587 shares of the company's stock, valued at $2,548,637.79. This represents a 8.97% 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 worth $2,772,203,450 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Down 0.1%

Shares of KDP traded down $0.03 during mid-day trading on Monday, reaching $33.80. The company's stock had a trading volume of 2,876,934 shares, compared to its average volume of 10,521,932. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The stock has a market cap of $45.90 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company's 50 day moving average is $34.22 and its 200 day moving average is $33.01.

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