Private Management Group Inc. Buys New Stake in Keurig Dr Pepper, Inc $KDP

Private Management Group Inc. has acquired a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the third quarter, purchasing 1,388,430 shares valued at approximately $35.4 million, making it their 23rd largest holding. Other institutional investors have also adjusted their positions in KDP. The beverage company recently reported strong Q3 earnings, beating analyst estimates with $0.60 EPS and $4.50 billion in revenue, and announced a quarterly dividend of $0.23 per share.