Northern Financial Advisors Inc Buys 2,670 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Northern Financial Advisors Inc lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,634 shares of the company’s stock after buying an additional 2,670 shares during the period. Northern Financial Advisors Inc’s holdings in Keurig Dr Pepper were worth $321,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KDP. FMR LLC increased its holdings in Keurig Dr Pepper by 12.9% during 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Keurig Dr Pepper by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock worth $2,594,945,000 after acquiring an additional 5,490,242 shares in the last quarter. Barclays PLC raised its holdings in shares of Keurig Dr Pepper by 65.8% in the third quarter. Barclays PLC now owns 4,347,111 shares of the company’s stock valued at $137,240,000 after purchasing an additional 1,725,535 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares in the last quarter. Finally, Northern Trust Corp lifted 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 worth $384,304,000 after buying an additional 1,441,007 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Keurig Dr Pepper Trading Down 0.1 %

NASDAQ:KDP traded down $0.05 during trading hours on Wednesday, hitting $33.76. 1,455,990 shares of the company were exchanged, compared to its average volume of 10,153,346. The company has a fifty day simple moving average of $30.76 and a 200 day simple moving average of $31.32. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $34.65. The stock has a market capitalization of $45.76 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Insider Activity

In related news, CEO Robert James Gamgort bought 171,821 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the transaction, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Robert James Gamgort bought 171,821 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of $29.10 per share, for a total transaction of $4,999,991.10. Following the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the business’s stock in a transaction on Friday, April 26th. The shares were 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 of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. Insiders have sold 100,085,652 shares of company stock valued at $2,892,832,080 in the last ninety days. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KDP. Wedbush lowered their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Barclays lifted their price objective on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Jefferies Financial Group reduced their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Morgan Stanley lowered their price target 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. Finally, TD Cowen increased their price objective on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Keurig Dr Pepper Company 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.