Metis Global Partners LLC Raises Holdings 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% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

A number of other hedge funds have also bought and sold shares of KDP. OFI Invest Asset Management purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Keurig Dr Pepper during the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC purchased a new position in Keurig Dr Pepper in the 4th quarter worth approximately $34,000. Ulland Investment Advisors LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter worth $50,000. Finally, Operose Advisors LLC raised its position in shares of Keurig Dr Pepper by 28.7% during the 3rd quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock valued at $53,000 after buying an additional 373 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Up 0.7 %

Shares of NASDAQ:KDP opened at $33.81 on Wednesday. Keurig Dr Pepper Inc. has a 1 year low of $27.66 and a 1 year high of $34.65. 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 stock’s 50-day moving average is $30.76 and its 200 day moving average is $31.32. The company has a market cap of $45.83 billion, a PE ratio of 21.81, a P/E/G ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.38 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.41 billion. During the same period last year, the business posted $0.34 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KDP shares. TD Cowen upped their target price on shares of Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Jefferies Financial Group dropped their target price 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. Morgan Stanley decreased 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 research note on Monday, February 26th. Wedbush cut their price objective 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, Barclays lifted their target price 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.64.

Insider Buying and Selling

In related news, VP Angela A. Stephens sold 25,000 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 76,081 shares in the company, valued at $2,557,082.41. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Angela A. Stephens sold 25,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $33.61, for a total value of $840,250.00. Following the sale, the vice president now directly owns 76,081 shares of the company’s stock, valued at approximately $2,557,082.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $28.90, for a total value of $1,501,543,485.80. Following the transaction, the insider now directly owns 331,487,357 shares in the company, valued at approximately $9,579,984,617.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,085,652 shares of company stock worth $2,892,832,080. Corporate insiders own 0.81% of the company’s stock.

About Keurig Dr Pepper

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.