Graham Capital Management L.P. Has $2.65 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Graham Capital Management L.P. lessened its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,457 shares of the company's stock after selling 87,919 shares during the quarter. Graham Capital Management L.P.'s holdings in Keurig Dr Pepper were worth $2,649,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Keurig Dr Pepper by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after acquiring an additional 242,315 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Keurig Dr Pepper by 53.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock valued at $10,400,000 after acquiring an additional 112,819 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares during the period. Swedbank AB boosted its holdings in shares of Keurig Dr Pepper by 1.8% during the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock valued at $23,994,000 after acquiring an additional 13,179 shares during the period. Finally, RWC Asset Management LLP boosted its holdings in shares of Keurig Dr Pepper by 34.6% during the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after acquiring an additional 398,916 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper 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 transaction 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 $4,378,805,089.35. This 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 the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the company'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 value of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company's stock, valued at $2,548,637.79. The trade was a 8.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KDP. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the company from $36.00 to $42.00 in a report on Friday, April 25th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. UBS Group upped their price objective on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Keurig Dr Pepper Stock Down 1.1%

NASDAQ:KDP traded down $0.36 on Wednesday, hitting $32.72. 10,418,686 shares of the company's stock traded hands, compared to its average volume of 10,524,641. The company has a current ratio of 0.53, a quick ratio of 0.36 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 firm has a 50-day moving average price of $34.20 and a 200-day moving average price of $33.01. The company has a market cap of $44.44 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal 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.