Everpar Advisors LLC Takes $232,000 Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Everpar Advisors LLC purchased a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,960 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds have also made changes to their positions in KDP. Russell Investments Group Ltd. boosted its position in shares of Keurig Dr Pepper by 49.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,466,535 shares of the company’s stock worth $48,880,000 after purchasing an additional 487,589 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Keurig Dr Pepper by 24.3% during the 4th quarter. DAVENPORT & Co LLC now owns 2,604,968 shares of the company’s stock worth $86,820,000 after purchasing an additional 509,393 shares during the period. Arizona State Retirement System boosted its position in shares of Keurig Dr Pepper by 14.2% during the 4th quarter. Arizona State Retirement System now owns 294,833 shares of the company’s stock worth $9,824,000 after purchasing an additional 36,560 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Keurig Dr Pepper by 43.8% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,099,145 shares of the company’s stock worth $36,624,000 after buying an additional 334,954 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Keurig Dr Pepper by 1.9% during the 4th quarter. Victory Capital Management Inc. now owns 3,114,474 shares of the company’s stock worth $103,774,000 after buying an additional 58,469 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

KDP has been the topic of a number of research reports. Wedbush reduced their target price on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Barclays increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. TD Cowen increased their target price 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. Royal Bank of Canada reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.64.

Keurig Dr Pepper Trading Down 0.3 %

NASDAQ KDP opened at $33.70 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.51 and a quick ratio of 0.34. The firm’s fifty day moving average price is $30.85 and its 200 day moving average price is $31.35. The company has a market capitalization of $45.68 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $34.65.

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

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the firm’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 directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Keurig Dr Pepper news, insider Roger Frederick Johnson sold 31,227 shares of the firm’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 directly owns 100,000 shares of the company’s stock, valued at approximately $3,382,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total transaction of $580,871.87. Following the transaction, the insider now directly owns 67,103 shares in the company, valued at $2,253,989.77. 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. Insiders own 0.81% of the company’s stock.

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.