MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 919,464 shares of the company’s stock after selling 26,096 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Keurig Dr Pepper worth $29,533,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC raised its holdings in Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock worth $28,000 after purchasing an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper during the fourth quarter worth approximately $42,000. LRI Investments LLC raised its holdings in Keurig Dr Pepper by 65.6% during the fourth quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock worth $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock worth $70,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KDP shares. Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Wednesday, April 9th. Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Argus started coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 target price on the stock. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $40.00 in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Four investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $32.72 on Thursday. The firm has a market capitalization of $44.44 billion, a P/E ratio of 19.83, a PEG 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 company’s fifty day moving average is $34.19 and its two-hundred day moving average is $33.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.65, for a total value of $2,740,967,500.00. Following the sale, the insider now directly owns 134,113,479 shares in the company, valued at $4,378,805,089.35. The trade was a 38.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the sale, the insider now owns 187,537 shares in the company, valued at $6,385,634.85. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,863,850 shares of company stock worth $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.