Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 86,500 Shares of Keurig Dr Pepper, Inc $KDP

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 27.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,550 shares of the company’s stock after purchasing an additional 86,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Keurig Dr Pepper were worth $13,275,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KDP. Rise Advisors LLC bought a new position in Keurig Dr Pepper in the 1st quarter valued at approximately $25,000. Chung Wu Investment Group LLC bought a new position in shares of Keurig Dr Pepper during the second quarter valued at $26,000. WPG Advisers LLC bought a new position in shares of Keurig Dr Pepper during the first quarter valued at $43,000. Private Trust Co. NA raised its stake in shares of Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after acquiring an additional 339 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Keurig Dr Pepper during the first quarter valued at $68,000. Institutional investors own 93.99% of the company’s stock.

Insiders Place Their Bets

In other Keurig Dr Pepper news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director directly owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

KDP has been the subject of several analyst reports. TD Cowen lowered their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Jefferies Financial Group set a $41.00 price objective on Keurig Dr Pepper in a research report on Monday, August 25th. Cowen restated a “hold” rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 1st. UBS Group restated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday. Finally, Citigroup lowered their price target on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Stock Performance

KDP stock opened at $28.85 on Wednesday. The firm has a market cap of $39.19 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. The stock has a 50-day moving average price of $27.78 and a 200-day moving average price of $31.65. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.23 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. Keurig Dr Pepper’s payout ratio is currently 79.31%.

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.