Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,157,427 shares of the company's stock after buying an additional 120,793 shares during the period. Ameriprise Financial Inc. owned 0.16% of Keurig Dr Pepper worth $69,295,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KDP. New Age Alpha Advisors LLC grew its stake in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter worth about $42,000. Brooklyn Investment Group boosted its holdings in Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after purchasing an additional 554 shares during the last quarter. Finally, R Squared Ltd bought a new position in Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KDP shares. JPMorgan Chase & Co. raised their price objective on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group boosted their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Keurig Dr Pepper has an average rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares in the company, valued at $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $2,740,967,500.00. Following the completion of the transaction, the insider now owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. This trade represents a 38.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,863,850 shares of company stock valued at $2,772,203,450 over the last three months. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP traded down $0.43 on Tuesday, hitting $33.08. 11,835,321 shares of the company's stock traded hands, compared to its average volume of 10,514,264. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $44.93 billion, a PE ratio of 20.05, a P/E/G ratio of 2.42 and a beta of 0.52. The firm's 50-day moving average price is $34.21 and its two-hundred day moving average price is $33.01. Keurig Dr Pepper Inc. has a 1-year low of $30.12 and a 1-year high of $38.28.

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