Keurig Dr Pepper Inc. (NASDAQ:KDP) Holdings Trimmed by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,741 shares of the company's stock after selling 23,635 shares during the quarter. Cetera Investment Advisers' holdings in Keurig Dr Pepper were worth $5,773,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KDP. New Age Alpha Advisors LLC increased its holdings in Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after buying an additional 389 shares during the period. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $42,000. Brooklyn Investment Group raised its holdings in shares of 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 buying an additional 554 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Institutional investors own 93.99% of the company's stock.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 14,500 shares of the business's 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 transaction, the vice president now directly owns 62,411 shares in the company, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction dated 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 owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,863,850 shares of company stock worth $2,772,203,450. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

KDP stock traded up $0.07 during mid-day trading on Monday, hitting $33.89. 1,501,472 shares of the stock were exchanged, compared to its average volume of 10,517,028. 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 business has a fifty day moving average price of $34.22 and a 200 day moving average price of $33.01. The stock has a market capitalization of $46.02 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.42 and a beta of 0.52. 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 posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on KDP. UBS Group boosted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Argus began coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

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.