ProShare Advisors LLC Has $56.07 Million Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

ProShare Advisors LLC grew its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 22.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,745,516 shares of the company's stock after buying an additional 320,661 shares during the quarter. ProShare Advisors LLC owned 0.13% of Keurig Dr Pepper worth $56,066,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oak Thistle LLC lifted its stake in shares of Keurig Dr Pepper by 233.9% during the 4th quarter. Oak Thistle LLC now owns 27,412 shares of the company's stock worth $880,000 after purchasing an additional 19,202 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Keurig Dr Pepper by 18.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,094 shares of the company's stock valued at $260,000 after purchasing an additional 1,255 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of Keurig Dr Pepper in the fourth quarter valued at about $209,000. Assenagon Asset Management S.A. grew its holdings in Keurig Dr Pepper by 15.6% during 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 period. Finally, Sendero Wealth Management LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth about $4,759,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Down 0.5%

NASDAQ:KDP traded down $0.15 during mid-day trading on Wednesday, hitting $33.72. The company had a trading volume of 3,269,086 shares, compared to its average volume of 10,512,740. The business has a fifty day simple moving average of $34.26 and a 200-day simple moving average of $33.02. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $45.79 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28.

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, 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 during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the firm earned $0.38 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company's stock in a transaction 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 owns 134,113,479 shares of the company's stock, valued at approximately $4,378,805,089.35. This represents a 38.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert James Gamgort sold 416,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were 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 represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. Insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on KDP shares. UBS Group raised their price objective on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, April 17th. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. Morgan Stanley raised Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Piper Sandler raised 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 report on Wednesday, April 9th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.33.

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.