International Assets Investment Management LLC Purchases Shares of 108,523 Keurig Dr Pepper Inc. (NASDAQ:KDP)

International Assets Investment Management LLC acquired a new position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 108,523 shares of the company’s stock, valued at approximately $3,616,000.

Several other hedge funds also recently modified their holdings of the stock. OFI Invest Asset Management acquired a new position in Keurig Dr Pepper during the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $34,000. Ulland Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $50,000. Operose Advisors LLC increased its holdings in Keurig Dr Pepper by 28.7% during the third quarter. Operose Advisors LLC now owns 1,673 shares of the company’s stock worth $53,000 after buying an additional 373 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Keurig Dr Pepper by 52.5% during the third quarter. Allworth Financial LP now owns 1,696 shares of the company’s stock worth $54,000 after buying an additional 584 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KDP. Royal Bank of Canada decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Barclays lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Morgan Stanley dropped their price objective on 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. TD Cowen raised 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 note on Friday, April 26th. Finally, Jefferies Financial Group decreased their target price on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.64.

Keurig Dr Pepper Trading Up 0.9 %

Shares of KDP stock opened at $33.99 on Friday. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $34.65. The stock’s fifty day simple moving average is $30.92 and its 200 day simple moving average is $31.37. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $46.08 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly 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. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.41 billion. During the same period last year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $33.59, for a total transaction of $580,871.87. Following the completion of the transaction, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Angela A. Stephens sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.61, for a total transaction of $840,250.00. Following the completion of the transaction, the vice president now owns 76,081 shares in the company, valued at approximately $2,557,082.41. 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. 0.81% of the stock is currently 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.