Keurig Dr Pepper, Inc $KDP Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,839 shares of the company’s stock after selling 21,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Keurig Dr Pepper were worth $10,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KDP. Norges Bank purchased a new position in shares of Keurig Dr Pepper during the fourth quarter valued at $568,361,000. Marshall Wace LLP grew its holdings in shares of Keurig Dr Pepper by 1,546.0% during the third quarter. Marshall Wace LLP now owns 2,937,129 shares of the company’s stock valued at $74,926,000 after buying an additional 2,758,685 shares in the last quarter. Man Group plc grew its holdings in shares of Keurig Dr Pepper by 4,084.2% during the third quarter. Man Group plc now owns 2,411,713 shares of the company’s stock valued at $61,523,000 after buying an additional 2,354,075 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Keurig Dr Pepper by 2,129.0% during the third quarter. Voloridge Investment Management LLC now owns 2,374,879 shares of the company’s stock valued at $60,583,000 after buying an additional 2,268,336 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Keurig Dr Pepper by 90.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 4,161,158 shares of the company’s stock valued at $115,597,000 after buying an additional 1,973,269 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KDP shares. Citigroup lowered their price target on Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wells Fargo & Company lowered their price target on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. Finally, BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Price Performance

KDP opened at $30.53 on Friday. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.39 and a beta of 0.41. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $28.00 and a 200 day moving average price of $28.10.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single?serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single?serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.