Private Capital Management LLC Boosts Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Private Capital Management LLC raised its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,000 shares of the company's stock after acquiring an additional 14,000 shares during the quarter. Private Capital Management LLC's holdings in Keurig Dr Pepper were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

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

Keurig Dr Pepper Price Performance

NASDAQ KDP traded up $0.28 during trading hours on Friday, reaching $33.82. 8,578,351 shares of the stock traded hands, compared to its average volume of 10,552,287. The stock has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $33.01. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year 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 company has a market cap of $45.93 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. On average, analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KDP. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $42.00 in a report on Friday, April 25th. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $35.00 to $40.00 in a research report on Wednesday, April 9th. Barclays boosted their price objective 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. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Argus assumed coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a "buy" rating and a $40.00 price target for the company. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.33.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the transaction, the insider now directly owns 134,113,479 shares of the company's stock, valued at $4,378,805,089.35. The trade was a 38.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $14,264,640.00. Following the completion of the transaction, the chairman now directly owns 3,237,066 shares in the company, valued at $110,998,993.14. This trade represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. Corporate 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.