Russell Investments Group Ltd. Reduces Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Russell Investments Group Ltd. lessened its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP – Get Rating) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 392,929 shares of the company’s stock after selling 63,495 shares during the period. Russell Investments Group Ltd.’s holdings in Keurig Dr Pepper were worth $14,024,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KDP. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Keurig Dr Pepper during the fourth quarter worth $33,000. Ronald Blue Trust Inc. boosted its holdings in Keurig Dr Pepper by 94.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,013 shares of the company’s stock worth $36,000 after buying an additional 491 shares in the last quarter. Exos TFP Holdings LLC purchased a new stake in Keurig Dr Pepper during the third quarter worth $43,000. Atlas Capital Advisors LLC boosted its holdings in Keurig Dr Pepper by 17,085.7% during the third quarter. Atlas Capital Advisors LLC now owns 1,203 shares of the company’s stock worth $43,000 after buying an additional 1,196 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in Keurig Dr Pepper during the third quarter worth $49,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Keurig Dr Pepper Trading Down 0.4 %

Shares of KDP opened at $32.59 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40. Keurig Dr Pepper Inc. has a 12-month low of $31.90 and a 12-month high of $41.31. The firm has a 50-day moving average price of $34.81 and a 200 day moving average price of $35.45. The firm has a market capitalization of $45.75 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.79 and a beta of 0.57.

Keurig Dr Pepper (NASDAQ:KDP – Get Rating) last announced its earnings results on Thursday, April 27th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.30 billion. Keurig Dr Pepper had a net margin of 9.20% and a return on equity of 9.52%. Keurig Dr Pepper’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.78 EPS for the current year.

Insiders Place Their Bets

In other news, insider Maria A. Sceppaguercio-Gever sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $32.88, for a total value of $328,800.00. Following the completion of the transaction, the insider now owns 141,555 shares of the company’s stock, valued at $4,654,328.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Sudhanshu Shekhar Priyadarshi bought 20,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Monday, February 27th. The shares were purchased at an average price of $35.59 per share, with a total value of $711,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 30,000 shares in the company, valued at $1,067,700. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Maria A. Sceppaguercio-Gever sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $32.88, for a total transaction of $328,800.00. Following the sale, the insider now directly owns 141,555 shares in the company, valued at approximately $4,654,328.40. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 75,741 shares of company stock valued at $2,620,896 and sold 30,022,700 shares valued at $1,033,352,922. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Keurig Dr Pepper in a report on Thursday, February 16th. They set a “neutral” rating and a $37.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $40.00 to $41.00 in a research report on Tuesday, April 18th. Barclays reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Keurig Dr Pepper from $36.00 to $35.00 in a research report on Friday, April 28th. Finally, Wedbush reduced their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Hold” and a consensus price target of $37.56.

Keurig Dr Pepper Profile

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Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes the manufacture and distribution of finished goods relating to coffee, pods, and brewers.