NorthRock Partners LLC Takes Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

NorthRock Partners LLC bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 405,382 shares of the company’s stock, valued at approximately $13,021,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,138,111 shares of the company’s stock valued at $100,796,000 after purchasing an additional 242,315 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Keurig Dr Pepper by 53.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 325,398 shares of the company’s stock worth $10,400,000 after acquiring an additional 112,819 shares during the last quarter. Swedbank AB grew its stake in shares of Keurig Dr Pepper by 1.8% in the 4th quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after acquiring an additional 13,179 shares in the last quarter. RWC Asset Management LLP raised its holdings in shares of Keurig Dr Pepper by 34.6% in the fourth quarter. RWC Asset Management LLP now owns 1,553,095 shares of the company’s stock valued at $49,885,000 after purchasing an additional 398,916 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $400,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 1.3%

Shares of NASDAQ KDP opened at $33.08 on Wednesday. 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 capitalization of $44.93 billion, a PE ratio of 20.05, a P/E/G ratio of 2.42 and a beta of 0.52. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The business’s fifty day moving average price is $34.20 and its 200-day moving average price is $33.01.

Keurig Dr Pepper (NASDAQ:KDP) last released 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 business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of Keurig Dr Pepper stock in a transaction 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 approximately $110,998,993.14. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total value of $251,149.50. Following the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. The trade was a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,863,850 shares of company stock valued at $2,772,203,450 over the last quarter. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. Royal Bank of Canada restated an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. UBS Group upped their target price on 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. lifted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Finally, HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Four investment 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.