OMERS ADMINISTRATION Corp Grows Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

OMERS ADMINISTRATION Corp boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 45,703 shares of the company's stock after acquiring an additional 7,861 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Keurig Dr Pepper were worth $1,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 23.6% in the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock valued at $3,841,140,000 after buying an additional 22,856,757 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock valued at $1,755,564,000 after buying an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Keurig Dr Pepper by 65.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock valued at $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank acquired a new position in shares of Keurig Dr Pepper in the 4th quarter valued at about $197,819,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Keurig Dr Pepper by 10.3% in the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock valued at $1,946,561,000 after buying an additional 5,646,179 shares during the period. Institutional investors and hedge funds own 93.99% of the company's stock.

Analyst Upgrades and Downgrades

KDP has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Barclays upped their price target on Keurig Dr Pepper from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Argus initiated coverage on Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. Finally, Hsbc Global Res raised Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 14,500 shares of Keurig Dr Pepper stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total value of $496,480.00. Following the completion of the transaction, the vice president now directly owns 62,411 shares in the company, valued at approximately $2,136,952.64. This trade represents 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 on 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 transaction, the insider now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 84,863,850 shares of company stock valued at $2,772,203,450 over the last quarter. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.07 during midday trading on Tuesday, hitting $33.90. The company had a trading volume of 3,930,719 shares, compared to its average volume of 10,517,812. Keurig Dr Pepper Inc. has a twelve month low of $30.12 and a twelve month 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 stock has a market cap of $46.04 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The business's 50-day simple moving average is $34.24 and its 200-day simple moving average is $33.02.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $3.57 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The business's revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

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.