Leigh Baldwin & CO. LLC Makes New Investment in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Leigh Baldwin & CO. LLC acquired a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 293,756 shares of the company's stock, valued at approximately $9,435,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Keurig Dr Pepper by 42.1% in the fourth quarter. Nordea Investment Management AB now owns 72,577 shares of the company's stock valued at $2,327,000 after purchasing an additional 21,501 shares in the last quarter. First Hawaiian Bank lifted its holdings in Keurig Dr Pepper by 5.2% during the 4th quarter. First Hawaiian Bank now owns 7,789 shares of the company's stock valued at $250,000 after buying an additional 384 shares in the last quarter. Graypoint LLC raised its stake in shares of Keurig Dr Pepper by 19.9% during the fourth quarter. Graypoint LLC now owns 7,450 shares of the company's stock valued at $239,000 after acquiring an additional 1,239 shares in the last quarter. Czech National Bank lifted its holdings in shares of Keurig Dr Pepper by 13.3% in the 4th quarter. Czech National Bank now owns 244,108 shares of the company's stock worth $7,841,000 after buying an additional 28,634 shares during the period. Finally, Fulcrum Capital LLC lifted its stake in Keurig Dr Pepper by 16.6% in the fourth quarter. Fulcrum Capital LLC now owns 7,457 shares of the company's stock worth $240,000 after acquiring an additional 1,062 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 2.5%

Shares of KDP stock traded up $0.82 during trading on Thursday, hitting $33.54. 8,321,702 shares of the stock traded hands, compared to its average volume of 10,526,760. The firm has a market capitalization of $45.55 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 52-week low of $30.12 and a 52-week high of $38.28. 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's fifty day moving average price is $34.19 and its 200-day moving average price is $33.01.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the business posted $0.38 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on KDP. Piper Sandler raised shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and boosted their target price for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Hsbc Global Res upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group raised their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

Insider Activity

In related 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 shares were 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 in the company, valued at $4,378,805,089.35. This trade represents a 38.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Angela A. Stephens sold 14,500 shares of the business's stock in a transaction dated 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 $2,136,952.64. The trade was a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is currently owned by company insiders.

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.