Keurig Dr Pepper Inc. (NASDAQ:KDP) Position Boosted by Deutsche Bank AG

Deutsche Bank AG increased its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,427,315 shares of the company's stock after purchasing an additional 818,100 shares during the period. Deutsche Bank AG owned approximately 0.33% of Keurig Dr Pepper worth $142,205,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. New Age Alpha Advisors LLC lifted its stake 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 worth $28,000 after acquiring an additional 389 shares during the period. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth $37,000. Edmond DE Rothschild Holding S.A. bought a new stake in Keurig Dr Pepper during the fourth quarter worth $42,000. Brooklyn Investment Group increased its position in shares of Keurig Dr Pepper by 34.0% during the 4th quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after purchasing an additional 554 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $70,000. Institutional investors own 93.99% of the company's stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of the company'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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, February 26th. The shares were 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 directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,863,850 shares of company stock worth $2,772,203,450. Company insiders own 0.40% of the company's stock.

Keurig Dr Pepper Trading Down 1.1%

Shares of KDP stock traded down $0.36 on Wednesday, hitting $32.72. The stock had a trading volume of 10,418,686 shares, compared to its average volume of 10,524,641. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company's 50 day moving average price is $34.20 and its 200-day moving average price 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. The firm has a market capitalization of $44.44 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company's revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on KDP. UBS Group upped their price target on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Barclays upped their price target on shares of 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 Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.