Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Keurig Dr Pepper, Inc $KDP

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 53.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 582,689 shares of the company’s stock after purchasing an additional 203,850 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Keurig Dr Pepper were worth $15,342,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KDP. T. Rowe Price Investment Management Inc. acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $727,667,000. Norges Bank purchased a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $568,361,000. Capital International Investors raised its stake in Keurig Dr Pepper by 1,987.4% during the fourth quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after buying an additional 16,050,437 shares in the last quarter. Wellington Management Group LLP boosted its position in Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after acquiring an additional 15,393,753 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Keurig Dr Pepper by 285.3% in the fourth quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock worth $325,925,000 after acquiring an additional 8,615,869 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of KDP opened at $33.30 on Friday. The firm’s 50 day moving average price is $30.34 and its 200 day moving average price is $28.64. The firm has a market cap of $45.31 billion, a PE ratio of 24.67, a PEG ratio of 1.52 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.12 and a current ratio of 2.31.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business posted $0.42 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, June 26th. Keurig Dr Pepper’s dividend payout ratio is presently 68.15%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group boosted their price target on Keurig Dr Pepper from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Evercore set a $30.00 target price on shares of Keurig Dr Pepper in a research note on Friday, April 24th. Finally, Sanford C. Bernstein began coverage on Keurig Dr Pepper in a research note on Thursday, June 11th. They issued an “outperform” rating and a $38.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.40.

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.