Man Group plc Boosts Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Man Group plc raised its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 170.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 701,117 shares of the company's stock after purchasing an additional 441,560 shares during the period. Man Group plc owned 0.05% of Keurig Dr Pepper worth $22,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Keurig Dr Pepper by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company's stock valued at $100,796,000 after purchasing an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Keurig Dr Pepper by 53.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company's stock worth $10,400,000 after purchasing an additional 112,819 shares during the last quarter. Swedbank AB boosted its stake in Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company's stock worth $23,994,000 after purchasing an additional 13,179 shares in the last quarter. RWC Asset Management LLP grew its holdings in shares of Keurig Dr Pepper by 34.6% in the 4th quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company's stock valued at $49,885,000 after buying an additional 398,916 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Keurig Dr Pepper in the fourth quarter valued at approximately $400,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now owns 74,587 shares in the company, 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 have sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Price Performance

Shares of KDP traded up $0.01 during trading hours on Monday, reaching $33.83. 8,217,014 shares of the company traded hands, compared to its average volume of 10,542,943. The stock has a market capitalization of $45.95 billion, a PE ratio of 20.50, a price-to-earnings-growth 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. The stock has a fifty day simple moving average of $34.22 and a 200 day simple moving average of $33.01. 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 posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.38 earnings per share. As a group, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of research analyst reports. Wells Fargo & Company restated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Barclays increased their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group increased their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Finally, Argus assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price objective for the company. 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 stock. According to data from MarketBeat, Keurig Dr Pepper has an average rating of "Moderate Buy" and a consensus target price of $39.33.

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.