USS Investment Management Ltd Sells 9,021 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

USS Investment Management Ltd decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 372,189 shares of the company’s stock after selling 9,021 shares during the period. USS Investment Management Ltd’s holdings in Keurig Dr Pepper were worth $11,957,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KDP. Townsquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock worth $505,000 after buying an additional 327 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Keurig Dr Pepper by 1.2% during the 4th quarter. Perigon Wealth Management LLC now owns 28,545 shares of the company’s stock worth $893,000 after acquiring an additional 342 shares in the last quarter. Barden Capital Management Inc. raised its holdings in shares of Keurig Dr Pepper by 0.9% in the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after purchasing an additional 353 shares during the last quarter. Custom Index Systems LLC lifted its position in shares of Keurig Dr Pepper by 5.3% in the fourth quarter. Custom Index Systems LLC now owns 7,109 shares of the company’s stock worth $228,000 after purchasing an additional 357 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted 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 during the last quarter. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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. UBS Group lifted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $40.00 in a research note on Tuesday, April 1st. Four 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of the firm’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $35.59, for a total transaction of $427,080.00. Following the transaction, the insider now directly owns 154,511 shares of the company’s stock, valued at approximately $5,499,046.49. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of Keurig Dr Pepper stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.65, for a total transaction of $2,740,967,500.00. Following the completion of the sale, the insider now owns 134,113,479 shares of the company’s stock, valued at $4,378,805,089.35. This trade represents a 38.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450. 0.40% of the stock is owned by insiders.

Keurig Dr Pepper Trading Up 0.1%

KDP stock opened at $33.87 on Wednesday. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The stock has a market cap of $46.00 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The company has a fifty day moving average price of $34.26 and a two-hundred day moving average price of $33.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last announced 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 business had revenue of $3.64 billion during 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 was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

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.