28,723 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by Numerai GP LLC

Numerai GP LLC acquired a new position in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, Holdings Channel reports. The firm acquired 28,723 shares of the company’s stock, valued at approximately $923,000.

Several other large investors also recently made changes to their positions in the business. New Age Alpha Advisors LLC grew its position in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after acquiring an additional 389 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Keurig Dr Pepper during the 4th quarter valued at $42,000. LRI Investments LLC grew its holdings in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company’s stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Keurig Dr Pepper by 34.0% during the fourth quarter. Brooklyn Investment Group now owns 2,184 shares of the company’s stock valued at $70,000 after acquiring an additional 554 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 7,350 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $34.17, for a total transaction of $251,149.50. Following the completion of the transaction, the vice president now directly owns 74,587 shares of the company’s stock, valued at $2,548,637.79. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer sold 12,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $34.11, for a total transaction of $409,320.00. Following the transaction, the insider now directly owns 142,511 shares of the company’s stock, valued at $4,861,050.21. The trade was a 7.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,863,850 shares of company stock worth $2,772,203,450 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KDP. Royal Bank of Canada restated an “outperform” rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. HSBC upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. UBS Group raised their price target on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, Piper Sandler raised shares of Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $40.00 in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Keurig Dr Pepper Trading Down 1.1%

NASDAQ KDP opened at $32.72 on Thursday. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The company has a 50-day simple moving average of $34.19 and a 200-day simple moving average of $33.01. 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 firm has a market capitalization of $44.44 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

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.