Dark Forest Capital Management LP Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Dark Forest Capital Management LP increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 461.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,453 shares of the company's stock after acquiring an additional 40,647 shares during the quarter. Dark Forest Capital Management LP's holdings in Keurig Dr Pepper were worth $1,588,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KDP. Sumitomo Mitsui Trust Group Inc. boosted its stake in Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock worth $100,796,000 after buying an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in 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 buying an additional 112,819 shares during the period. Franklin Resources Inc. lifted its stake in shares of Keurig Dr Pepper by 7.1% in the 3rd 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 last quarter. Swedbank AB boosted its holdings in Keurig Dr Pepper by 1.8% during the 4th 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 grew its position in Keurig Dr Pepper by 34.6% during the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock worth $49,885,000 after acquiring an additional 398,916 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, 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 transaction of $427,080.00. Following the transaction, the insider now owns 154,511 shares of the company's stock, valued at approximately $5,499,046.49. This trade represents a 7.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $33.34 per share, for a total transaction of $120,677,464.00. Following the completion of the acquisition, the insider now owns 218,063,479 shares of the company's stock, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 84,421,350 shares of company stock valued at $2,757,137,010. Insiders own 1.00% of the company's stock.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP traded down $0.16 during trading hours on Monday, reaching $34.24. The company had a trading volume of 3,719,996 shares, compared to its average volume of 10,000,092. 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 52 week low of $30.12 and a 52 week high of $38.28. The firm has a market cap of $46.45 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.42 and a beta of 0.54. The firm's 50 day moving average price is $34.13 and its 200-day moving average price is $33.18.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.69%. Keurig Dr Pepper's payout ratio is currently 83.64%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KDP. Royal Bank of Canada reissued 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 lifted their price target for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.00 to $42.00 in a research note on Friday. Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.