Ethic Inc. Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Ethic Inc. lifted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 191,494 shares of the company's stock after purchasing an additional 26,833 shares during the quarter. Ethic Inc.'s holdings in Keurig Dr Pepper were worth $6,151,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Townsquare Capital LLC raised its holdings in shares of Keurig Dr Pepper by 2.1% during the 4th quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock worth $505,000 after buying an additional 327 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Keurig Dr Pepper by 1.2% during the fourth quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock worth $893,000 after acquiring an additional 342 shares in the last quarter. Barden Capital Management Inc. lifted its holdings in shares of Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after acquiring an additional 353 shares during the last quarter. Custom Index Systems LLC boosted its stake in shares of Keurig Dr Pepper by 5.3% in the 4th quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock valued at $228,000 after purchasing an additional 357 shares in the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after purchasing an additional 384 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now directly owns 178,511 shares of the company's stock, valued at $5,960,482.29. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction dated 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 sale, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This trade represents a 38.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 84,863,850 shares of company stock valued at $2,772,203,450 over the last three months. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on KDP shares. Barclays boosted their target price on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. 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. Argus started coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Finally, HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price target for the stock from $36.00 to $42.00 in a report on Friday, April 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 company. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper Stock Down 1.3%

Shares of KDP stock traded down $0.43 on Tuesday, hitting $33.08. The stock had a trading volume of 11,835,321 shares, compared to its average volume of 10,514,264. 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 50 day moving average of $34.21 and a 200 day moving average of $33.01. 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 $44.93 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion during 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%. Keurig Dr Pepper's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. 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.