Interval Partners LP Buys 808,004 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Interval Partners LP raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 178.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,500 shares of the company's stock after acquiring an additional 808,004 shares during the period. Keurig Dr Pepper makes up 0.8% of Interval Partners LP's holdings, making the stock its 29th largest position. Interval Partners LP owned approximately 0.09% of Keurig Dr Pepper worth $40,519,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC lifted 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 buying an additional 389 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper during the 4th quarter valued at about $42,000. Brooklyn Investment Group grew its stake in shares of Keurig Dr Pepper by 34.0% in the 4th 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 stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 93.99% of the company's stock.

Keurig Dr Pepper Stock Down 1.1%

NASDAQ:KDP traded down $0.36 during mid-day trading on Wednesday, reaching $32.72. The stock had a trading volume of 10,418,686 shares, compared to its average volume of 10,524,643. The stock has a market cap of $44.44 billion, a P/E ratio of 19.83, a PEG ratio of 2.42 and a beta of 0.52. The business's 50 day moving average is $34.19 and its 200 day 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 Inc. has a fifty-two week low of $30.12 and a fifty-two week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the business posted $0.38 EPS. Keurig Dr Pepper's quarterly revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. UBS Group lifted their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, 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 owns 3,237,066 shares of the company's stock, valued at $110,998,993.14. The trade was a 11.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total value of $427,080.00. Following the completion of the sale, the insider now directly owns 154,511 shares in the company, valued at approximately $5,499,046.49. This represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,863,850 shares of company stock worth $2,772,203,450 over the last three months. Corporate insiders own 0.40% of the company's stock.

About Keurig Dr Pepper

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.