Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 225.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,215 shares of the company's stock after purchasing an additional 42,420 shares during the quarter. Focus Partners Wealth's holdings in Keurig Dr Pepper were worth $1,967,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC increased its position in Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after acquiring an additional 327 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company's stock valued at $893,000 after purchasing an additional 342 shares during the last quarter. Barden Capital Management Inc. raised its position in Keurig Dr Pepper by 0.9% in the 4th quarter. Barden Capital Management Inc. now owns 39,836 shares of the company's stock worth $1,280,000 after purchasing an additional 353 shares during the period. Custom Index Systems LLC lifted its stake in Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company's stock worth $228,000 after purchasing an additional 357 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its position in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after buying an additional 389 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KDP. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. JPMorgan Chase & Co. boosted their price objective on shares of 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 reaffirmed an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 7,350 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now owns 74,587 shares in the company, valued at $2,548,637.79. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a filing 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 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 in the company, 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. In the last 90 days, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. Corporate insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 0.1%

Shares of KDP traded up $0.04 during midday trading on Tuesday, reaching $33.87. The stock had a trading volume of 7,344,815 shares, compared to its average volume of 10,530,211. The company has a market cap of $46.00 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.42 and a beta of 0.52. The company's fifty day simple moving average is $34.24 and its two-hundred day simple moving average is $33.02. 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.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $3.64 billion for 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%. Keurig Dr Pepper's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. Equities research analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper 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.