Handelsbanken Fonder AB Boosts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Handelsbanken Fonder AB raised its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,089 shares of the company’s stock after purchasing an additional 112,419 shares during the period. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $16,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $29,000. Geneos Wealth Management Inc. raised its position in shares of Keurig Dr Pepper by 973.8% in the third quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after buying an additional 818 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $34,000. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at about $50,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on KDP. Royal Bank of Canada reduced their target price on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Barclays raised their price objective on shares of Keurig Dr Pepper from $32.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Morgan Stanley cut their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, February 26th. Jefferies Financial Group cut their price objective on shares of 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. Finally, Wedbush cut their price objective on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $36.45.

Keurig Dr Pepper Trading Up 0.8 %

NASDAQ KDP opened at $31.76 on Tuesday. The firm has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $31.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. Keurig Dr Pepper Inc. has a one year low of $27.66 and a one year high of $35.99. The firm has a market cap of $44.07 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.40 and a beta of 0.66.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Keurig Dr Pepper had a net margin of 14.72% and a return on equity of 9.93%. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.71%. Keurig Dr Pepper’s dividend payout ratio is currently 55.48%.

Insider Buying and Selling

In other news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Robert James Gamgort purchased 171,821 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $29.10 per share, for a total transaction of $4,999,991.10. Following the completion of the purchase, the chief executive officer now directly owns 3,179,917 shares of the company’s stock, valued at $92,535,584.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.90, for a total transaction of $376,956,514.20. Following the completion of the transaction, the insider now owns 283,443,879 shares of the company’s stock, valued at approximately $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold 100,012,132 shares of company stock worth $2,890,354,861 over the last 90 days. 0.81% of the stock is owned by insiders.

Keurig Dr Pepper 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.