Cresset Asset Management LLC Purchases 14,411 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Cresset Asset Management LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 25.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,804 shares of the company's stock after acquiring an additional 14,411 shares during the period. Cresset Asset Management LLC's holdings in Keurig Dr Pepper were worth $2,274,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KDP shares. Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group upped their target price 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. Argus began coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Price Performance

KDP stock traded down $0.43 during midday trading on Tuesday, reaching $33.08. The company had a trading volume of 11,835,321 shares, compared to its average volume of 10,514,264. The firm has a 50-day moving average price of $34.21 and a 200-day moving average price of $33.01. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. 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 has a market capitalization of $44.93 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 return on equity of 10.45% and a net margin of 15.04%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 14,500 shares of the firm'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 sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. Company insiders own 0.40% of the company's stock.

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.