Numerai GP LLC Acquires New Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Numerai GP LLC purchased a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,723 shares of the company's stock, valued at approximately $923,000.

Several other institutional investors have also added to or reduced their stakes in KDP. New Age Alpha Advisors LLC increased its stake in Keurig Dr Pepper by 82.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth $42,000. LRI Investments LLC lifted its position in shares of Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after buying an additional 605 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake 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 buying an additional 554 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total value of $408,600.00. Following the transaction, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This trade represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm's 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 transaction, the insider now owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450 in the last ninety days. Insiders own 0.40% of the company's stock.

Keurig Dr Pepper Stock Up 0.2%

Keurig Dr Pepper stock traded up $0.06 during trading hours on Tuesday, reaching $33.89. The stock had a trading volume of 1,724,713 shares, compared to its average volume of 10,508,422. The company has a market cap of $46.02 billion, a price-to-earnings ratio of 20.54, a PEG 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 business's 50 day moving average price is $34.24 and its 200-day moving average price is $33.02.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly 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 business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KDP shares. HSBC raised 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 report on Friday, April 25th. 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. UBS Group increased their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. 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 report on Wednesday, February 26th. Finally, Piper Sandler upgraded Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Four 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 stock. According to data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average 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.