FORA Capital LLC Acquires New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

FORA Capital LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 19,868 shares of the company's stock, valued at approximately $638,000.

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

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert James Gamgort sold 416,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

KDP has been the topic of a number of analyst reports. Barclays increased their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, April 1st. Argus started coverage on shares of Keurig Dr Pepper in a research report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective on the stock. 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. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. Four investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

Keurig Dr Pepper Stock Performance

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

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 analysts' consensus estimates 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 business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm posted $0.38 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict 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.