Metis Global Partners LLC Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Metis Global Partners LLC grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 52,608 shares of the company’s stock after purchasing an additional 1,962 shares during the quarter. Metis Global Partners LLC’s holdings in Keurig Dr Pepper were worth $1,753,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Keurig Dr Pepper by 7.2% in the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after buying an additional 5,490,242 shares during the period. FMR LLC boosted its holdings in Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after purchasing an additional 6,926,582 shares during the period. Wellington Management Group LLP grew its stake in Keurig Dr Pepper by 2.3% during the 3rd quarter. Wellington Management Group LLP now owns 42,458,054 shares of the company’s stock worth $1,340,401,000 after purchasing an additional 953,639 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Keurig Dr Pepper by 11.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock worth $506,899,000 after purchasing an additional 1,518,286 shares during the period. Finally, Invesco Ltd. raised its position in Keurig Dr Pepper by 1.0% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total value of $840,250.00. Following the transaction, the vice president now directly owns 76,081 shares in the company, valued at approximately $2,557,082.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, VP Angela A. Stephens sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the transaction, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.82, for a total transaction of $1,056,097.14. Following the transaction, the insider now owns 100,000 shares in the company, valued at $3,382,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,085,652 shares of company stock worth $2,892,832,080. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KDP has been the subject of a number of analyst reports. Jefferies Financial Group lowered their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. TD Cowen boosted their price target on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Morgan Stanley reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Wedbush lowered their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, Royal Bank of Canada cut their price target on 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and a consensus target price of $36.64.

Keurig Dr Pepper Stock Up 0.7 %

Keurig Dr Pepper stock opened at $33.81 on Wednesday. The stock has a 50-day simple moving average of $30.76 and a 200-day simple moving average of $31.32. The company has a market capitalization of $45.83 billion, a P/E ratio of 21.81, a PEG ratio of 2.56 and a beta of 0.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65.

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