International Assets Investment Management LLC Purchases New Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP)

International Assets Investment Management LLC bought a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 108,523 shares of the company’s stock, valued at approximately $3,616,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after purchasing an additional 5,490,242 shares in the last quarter. FMR LLC raised its position in Keurig Dr Pepper by 12.9% in the 3rd quarter. FMR LLC now owns 60,682,003 shares of the company’s stock worth $1,915,731,000 after purchasing an additional 6,926,582 shares during the period. Wellington Management Group LLP lifted its stake in shares of Keurig Dr Pepper by 2.3% in the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock valued at $1,340,401,000 after acquiring an additional 953,639 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Keurig Dr Pepper by 1.0% during the third quarter. Invesco Ltd. now owns 14,774,908 shares of the company’s stock valued at $466,444,000 after purchasing an additional 151,368 shares during the period. Finally, Northern Trust Corp boosted its position in Keurig Dr Pepper by 13.4% during the 3rd quarter. Northern Trust Corp now owns 12,173,081 shares of the company’s stock valued at $384,304,000 after buying an additional 1,441,007 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, CFO Priyadarshi Sudhanshu bought 85,910 shares of Keurig Dr Pepper stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $29.10 per share, for a total transaction of $2,499,981.00. Following the acquisition, the chief financial officer now directly owns 218,566 shares in the company, valued at $6,360,270.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Priyadarshi Sudhanshu bought 85,910 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $29.10 per share, with a total value of $2,499,981.00. Following the completion of the acquisition, the chief financial officer now directly owns 218,566 shares in the company, valued at $6,360,270.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the transaction, the vice president now owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The disclosure for this sale can be found here. Insiders have sold a total of 100,085,652 shares of company stock valued at $2,892,832,080 over the last quarter. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KDP shares. Barclays boosted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Morgan Stanley reduced their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada lowered their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.64.

Keurig Dr Pepper Stock Up 0.9 %

KDP stock opened at $33.99 on Friday. The firm has a 50-day simple moving average of $30.92 and a 200-day simple moving average of $31.37. Keurig Dr Pepper Inc. has a 52 week low of $27.66 and a 52 week high of $34.65. The stock has a market capitalization of $46.08 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current fiscal 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.