Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 46.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 666,415 shares of the company's stock after buying an additional 212,696 shares during the period. Gotham Asset Management LLC's holdings in Keurig Dr Pepper were worth $21,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KDP. New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% in the fourth 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 last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at approximately $42,000. Brooklyn Investment Group boosted its holdings in Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock worth $70,000 after purchasing an additional 554 shares during the last quarter. Finally, R Squared Ltd bought a new position in Keurig Dr Pepper in the fourth quarter valued at about $70,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction 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 directly owns 74,587 shares in the company, valued at $2,548,637.79. The trade was a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the 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 completion of the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,863,850 shares of company stock worth $2,772,203,450. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Trading Up 0.6%

Shares of NASDAQ:KDP traded up $0.20 on Tuesday, hitting $33.71. 1,744,378 shares of the company's stock were exchanged, compared to its average volume of 10,466,603. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth 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. The business's 50 day simple moving average is $34.21 and its two-hundred day simple moving average is $33.01. 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 issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. 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 on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, UBS Group lifted their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Four 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

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.