Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 47.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 505,362 shares of the company's stock after purchasing an additional 163,753 shares during the quarter. Lazard Asset Management LLC's holdings in Keurig Dr Pepper were worth $16,231,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its stake in shares of Keurig Dr Pepper by 82.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock worth $28,000 after purchasing an additional 389 shares during the period. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper during the 4th quarter worth approximately $42,000. LRI Investments LLC raised its stake in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock worth $49,000 after acquiring an additional 605 shares during the period. Finally, Brooklyn Investment Group raised its stake in Keurig Dr Pepper by 34.0% during the 4th 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. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, February 26th. The stock was 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 $4,378,805,089.35. The trade was 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 at the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now directly owns 3,237,066 shares of the company's stock, valued at approximately $110,998,993.14. This represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded up $0.28 during mid-day trading on Friday, reaching $33.82. 8,578,351 shares of the stock were exchanged, compared to its average volume of 10,534,553. The company has a 50 day simple moving average of $34.22 and a 200-day simple moving average of $33.01. The stock has a market capitalization of $45.93 billion, a P/E 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 announced 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 the consensus estimate of $3.57 billion. During the same period last year, the business posted $0.38 EPS. The company's revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of research analyst reports. 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 set a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Hsbc Global Res raised shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Argus initiated coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They set a "buy" rating and a $40.00 price objective for the company. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

Keurig Dr Pepper Company 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.