Keurig Dr Pepper, Inc $KDP Position Increased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co increased its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 368,626 shares of the company’s stock after purchasing an additional 31,000 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $9,404,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC grew its holdings in shares of Keurig Dr Pepper by 94.1% during the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper during the 2nd quarter worth about $26,000. Root Financial Partners LLC purchased a new position in Keurig Dr Pepper during the 3rd quarter valued at about $26,000. Mather Group LLC. acquired a new position in shares of Keurig Dr Pepper in the 3rd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the vice president owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KDP. Wells Fargo & Company boosted their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Piper Sandler lifted their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, December 15th. Jefferies Financial Group downgraded Keurig Dr Pepper from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Finally, UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $34.87.

Keurig Dr Pepper Stock Down 0.7%

KDP opened at $29.69 on Friday. The firm has a market cap of $40.34 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 2.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.38 and a current ratio of 0.62. The business has a 50 day moving average price of $28.13 and a 200 day moving average price of $28.51. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.12.

Keurig Dr Pepper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 79.31%.

About Keurig Dr Pepper

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.