MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $29.53 Million Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 919,464 shares of the company's stock after selling 26,096 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Keurig Dr Pepper worth $29,533,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in Keurig Dr Pepper by 13.3% in the fourth quarter. Czech National Bank now owns 244,108 shares of the company's stock worth $7,841,000 after purchasing an additional 28,634 shares during the period. Oak Thistle LLC boosted its holdings in shares of Keurig Dr Pepper by 233.9% in the 4th quarter. Oak Thistle LLC now owns 27,412 shares of the company's stock valued at $880,000 after buying an additional 19,202 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Keurig Dr Pepper by 18.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,094 shares of the company's stock valued at $260,000 after buying an additional 1,255 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $209,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Keurig Dr Pepper by 15.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 112,446 shares of the company's stock worth $3,612,000 after acquiring an additional 15,178 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of KDP stock traded up $0.28 during midday trading on Friday, reaching $33.82. 8,578,351 shares of the company were exchanged, compared to its average volume of 10,552,287. The company's 50 day moving average price is $34.22 and its two-hundred day moving average price is $33.01. The company has a market cap of $45.93 billion, a P/E ratio of 20.50, a PEG ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Insider Activity at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 134,113,479 shares in the company, valued at approximately $4,378,805,089.35. This trade represents a 38.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.29, for a total transaction of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This trade represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,863,850 shares of company stock valued at $2,772,203,450 over the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KDP shares. Piper Sandler raised Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and upped their target price for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group upped their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a research note on Tuesday, February 25th. Finally, HSBC upgraded shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price target for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.