Ilmarinen Mutual Pension Insurance Co Invests $5.32 Million in Keurig Dr Pepper, Inc $KDP

Ilmarinen Mutual Pension Insurance Co acquired a new position in Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 190,000 shares of the company’s stock, valued at approximately $5,322,000.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in Keurig Dr Pepper during the 4th quarter worth about $26,000. Clearstead Trust LLC lifted its stake in Keurig Dr Pepper by 98.3% during the 3rd quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after acquiring an additional 536 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in Keurig Dr Pepper by 5,642.1% during the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock worth $31,000 after acquiring an additional 1,072 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group increased their target price on Keurig Dr Pepper from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Citigroup reduced their target price on shares of Keurig Dr Pepper from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper presently has an average rating of “Hold” and an average price target of $31.57.

Keurig Dr Pepper Trading Down 0.2%

KDP opened at $30.04 on Friday. The firm has a market cap of $40.87 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.38 and a beta of 0.41. Keurig Dr Pepper, Inc has a 52 week low of $24.88 and a 52 week high of $35.94. The business’s 50 day moving average is $27.57 and its two-hundred day moving average is $27.96. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, research analysts predict that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.23 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s payout ratio is currently 68.15%.

Keurig Dr Pepper Company 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.