Hudson Bay Capital Management LP Sells 86,898 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Hudson Bay Capital Management LP trimmed its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 56.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,474 shares of the company's stock after selling 86,898 shares during the period. Hudson Bay Capital Management LP's holdings in Keurig Dr Pepper were worth $2,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KDP. Vanguard Group Inc. raised its position in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after buying an additional 22,856,757 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Keurig Dr Pepper by 36.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after buying an additional 14,473,054 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Keurig Dr Pepper by 65.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after buying an additional 8,363,192 shares in the last quarter. Norges Bank bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $197,819,000. Finally, Wellington Management Group LLP raised its position in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Trading Up 0.8%

Shares of Keurig Dr Pepper stock traded up $0.28 during trading on Friday, hitting $33.82. The stock had a trading volume of 8,578,351 shares, compared to its average volume of 10,534,553. The stock has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $33.01. The company has a market capitalization of $45.93 billion, a PE ratio of 20.50, a P/E/G ratio of 2.42 and a beta of 0.52. 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.

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, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KDP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Royal Bank of Canada restated an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Morgan Stanley upgraded shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. 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, UBS Group boosted their target price 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. Four research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $39.33.

Insider Activity at Keurig Dr Pepper

In related news, Chairman Robert James Gamgort sold 416,000 shares of the business's stock in a transaction that occurred 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 transaction, the chairman now directly owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares in the company, valued at $5,499,046.49. The trade was a 7.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 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.