Natixis Advisors L.P. Has $11.55 Million Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Natixis Advisors L.P. increased its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 44.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,612 shares of the company’s stock after buying an additional 107,162 shares during the period. Natixis Advisors L.P.’s holdings in Keurig Dr Pepper were worth $11,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in KDP. OFI Invest Asset Management bought a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $29,000. Bruce G. Allen Investments LLC bought a new position in shares of Keurig Dr Pepper in the 4th quarter valued at $34,000. Ulland Investment Advisors LLC acquired a new position in shares of Keurig Dr Pepper during the 4th quarter worth $50,000. Finally, Operose Advisors LLC lifted 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 worth $53,000 after buying an additional 373 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on KDP shares. 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. Royal Bank of Canada cut 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 research report on Friday, February 23rd. Morgan Stanley lowered their price target on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, February 26th. Wedbush reduced their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Finally, Barclays lifted their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.64.

Keurig Dr Pepper Stock Up 0.7 %

Shares of NASDAQ KDP opened at $33.81 on Wednesday. Keurig Dr Pepper Inc. has a 52-week low of $27.66 and a 52-week high of $34.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 0.51. The company’s 50 day moving average price is $30.76 and its 200-day moving average price is $31.32. The company has a market capitalization of $45.83 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61.

Keurig Dr Pepper (NASDAQ:KDP) last issued 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 net margin of 14.52% and a return on equity of 10.18%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Insider Buying and Selling

In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction that occurred 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 approximately $2,253,989.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction 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 directly owns 67,103 shares in the company, valued at $2,253,989.77. The disclosure for this sale can be found here. Insiders sold 100,085,652 shares of company stock valued at $2,892,832,080 over the last 90 days. Company 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.