Mercer Global Advisors Inc. ADV Sells 31,644 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mercer Global Advisors Inc. ADV reduced its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 78.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,509 shares of the company's stock after selling 31,644 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Keurig Dr Pepper were worth $273,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC raised 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 last quarter. Whipplewood Advisors LLC acquired a new position in Keurig Dr Pepper during the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Brooklyn Investment Group boosted its holdings in shares of Keurig Dr Pepper by 34.0% in the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company's stock valued at $70,000 after buying an additional 554 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $70,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.01 on Monday, hitting $33.83. The company had a trading volume of 8,217,014 shares, compared to its average volume of 10,542,943. The stock has a market capitalization of $45.95 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.42 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $34.22 and a two-hundred day moving average of $33.01. Keurig Dr Pepper Inc. has a 52 week low of $30.12 and a 52 week high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly 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. The company 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%. Keurig Dr Pepper's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. 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 note on Monday, April 28th. Finally, Wells Fargo & Company restated 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now directly owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. The trade was a 38.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 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.