Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,224,005 shares of the company’s stock after selling 31,995 shares during the quarter. Pathstone Holdings LLC owned approximately 0.24% of Keurig Dr Pepper worth $103,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KDP. Mufg Securities Americas Inc. bought a new position in shares of Keurig Dr Pepper during the 4th quarter worth about $534,000. Man Group plc increased its position in shares of Keurig Dr Pepper by 170.1% during the fourth quarter. Man Group plc now owns 701,117 shares of the company’s stock valued at $22,520,000 after acquiring an additional 441,560 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Keurig Dr Pepper by 10.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 276,654 shares of the company’s stock worth $8,928,000 after purchasing an additional 25,420 shares in the last quarter. Nomura Holdings Inc. raised its holdings in Keurig Dr Pepper by 17.1% during the 4th quarter. Nomura Holdings Inc. now owns 102,739 shares of the company’s stock valued at $3,300,000 after buying an additional 14,968 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter valued at about $13,021,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the sale, the vice president now directly owns 74,587 shares of the company’s stock, valued at approximately $2,548,637.79. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $4,378,805,089.35. This represents 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 quarter. 0.40% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Trading Down 1.3%

KDP opened at $33.08 on Wednesday. The stock has a market capitalization of $44.93 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.42 and a beta of 0.52. 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’s fifty day simple moving average is $34.20 and its 200 day simple moving average is $33.01. Keurig Dr Pepper Inc. has a 12 month low of $30.12 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) 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 company 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%. Keurig Dr Pepper’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KDP shares. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Royal Bank of Canada restated an “outperform” rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. Wells Fargo & Company reiterated an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $40.00 in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.