ProShare Advisors LLC Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

ProShare Advisors LLC boosted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,745,516 shares of the company’s stock after buying an additional 320,661 shares during the period. ProShare Advisors LLC’s holdings in Keurig Dr Pepper were worth $56,066,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Oak Thistle LLC lifted its holdings in Keurig Dr Pepper by 233.9% in the fourth quarter. Oak Thistle LLC now owns 27,412 shares of the company’s stock valued at $880,000 after acquiring an additional 19,202 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Keurig Dr Pepper by 18.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,094 shares of the company’s stock valued at $260,000 after buying an additional 1,255 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in Keurig Dr Pepper in the fourth quarter valued at $209,000. Assenagon Asset Management S.A. raised its stake in Keurig Dr Pepper by 15.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 112,446 shares of the company’s stock valued at $3,612,000 after buying an additional 15,178 shares in the last quarter. Finally, Sendero Wealth Management LLC acquired a new stake in shares of Keurig Dr Pepper during the fourth quarter worth about $4,759,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $33.54 on Friday. The company’s fifty day moving average price is $34.21 and its 200 day moving average price is $33.00. The company has a market capitalization of $45.55 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. Keurig Dr Pepper’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group lifted their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. HSBC raised Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Piper Sandler raised Keurig Dr Pepper from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, April 9th. Finally, Barclays upped their target price on Keurig Dr Pepper from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average target price of $39.33.

Insider Activity

In related news, Chairman Robert James Gamgort sold 416,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the sale, the chairman now owns 3,237,066 shares in the company, valued at $110,998,993.14. This represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Bevco B.V. Jab sold 83,950,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 134,113,479 shares of the company’s stock, valued at approximately $4,378,805,089.35. This trade represents a 38.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 84,863,850 shares of company stock valued at $2,772,203,450 over the last three months. 0.40% of the stock is owned by insiders.

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.