Private Capital Management LLC Raises Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Private Capital Management LLC lifted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 100.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the company’s stock after buying an additional 14,000 shares during the period. Private Capital Management LLC’s holdings in Keurig Dr Pepper were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised 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 worth $100,796,000 after acquiring an additional 242,315 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Keurig Dr Pepper by 53.1% in the fourth 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 raised its holdings in shares of Keurig Dr Pepper by 1.8% in the fourth quarter. Swedbank AB now owns 747,002 shares of the company’s stock worth $23,994,000 after acquiring an additional 13,179 shares during 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 worth $49,885,000 after acquiring 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 $400,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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. This trade represents a 38.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Angela A. Stephens sold 7,350 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 74,587 shares in the company, valued at approximately $2,548,637.79. This represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,863,850 shares of company stock worth $2,772,203,450 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Keurig Dr Pepper Trading Down 1.1%

Shares of KDP opened at $32.72 on Thursday. The company has a market capitalization of $44.44 billion, a P/E ratio of 19.83, 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 company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a 50-day moving average price of $34.19 and a 200 day moving average price of $33.01.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KDP has been the subject of a number of recent analyst reports. Hsbc Global Res raised Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and boosted their price target for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group boosted their price target 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. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four equities research 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. Based on data from MarketBeat, the company 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.