E Fund Management Co. Ltd. Has $446,000 Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

E Fund Management Co. Ltd. lowered its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,394 shares of the company’s stock after selling 1,358 shares during the period. E Fund Management Co. Ltd.’s holdings in Keurig Dr Pepper were worth $446,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Achmea Investment Management B.V. lifted its holdings in Keurig Dr Pepper by 0.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 38,847 shares of the company’s stock worth $1,226,000 after purchasing an additional 324 shares during the last quarter. Operose Advisors LLC boosted its holdings 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 period. Mckinley Capital Management LLC grew its stake in Keurig Dr Pepper by 1.3% in the 3rd quarter. Mckinley Capital Management LLC now owns 35,749 shares of the company’s stock valued at $1,129,000 after buying an additional 470 shares during the last quarter. Czech National Bank raised its holdings in Keurig Dr Pepper by 0.3% in the 4th quarter. Czech National Bank now owns 176,335 shares of the company’s stock worth $5,875,000 after acquiring an additional 502 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Keurig Dr Pepper by 0.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 91,407 shares of the company’s stock worth $2,886,000 after acquiring an additional 512 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In related news, insider Patrick Minogue sold 17,293 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the transaction, the insider now owns 67,103 shares in the company, valued at $2,253,989.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Keurig Dr Pepper news, insider Patrick Minogue sold 17,293 shares of the company’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 sale, the insider now owns 67,103 shares in the company, valued at approximately $2,253,989.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 51,956,522 shares of the firm’s 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 completion of the transaction, the insider now owns 331,487,357 shares in the company, valued at $9,579,984,617.30. The disclosure for this sale can be found here. Insiders sold a total of 100,085,652 shares of company stock worth $2,892,832,080 over the last 90 days. 0.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KDP. Barclays raised their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. TD Cowen lifted their price target on 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 reduced their price objective 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 dropped their target price on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, February 26th. Finally, Royal Bank of Canada reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Five research 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.64.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded up $0.29 during midday trading on Thursday, reaching $33.99. The company’s stock had a trading volume of 5,700,835 shares, compared to its average volume of 10,140,166. 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 company has a market capitalization of $46.08 billion, a P/E ratio of 21.74, a P/E/G ratio of 2.56 and a beta of 0.61. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $34.65. The business’s fifty day simple moving average is $30.92 and its 200-day simple moving average is $31.37.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share 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 during the quarter, compared to analyst estimates of $3.41 billion. During the same quarter last year, the business posted $0.34 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

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.