Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 79.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,615 shares of the company’s stock after buying an additional 715 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Keurig Dr Pepper were worth $54,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its stake in shares of Keurig Dr Pepper by 99,740.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 324,915,003 shares of the company’s stock valued at $11,586,469,000 after buying an additional 324,589,570 shares in the last quarter. Norges Bank acquired a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at $276,547,000. FMR LLC grew its stake in shares of Keurig Dr Pepper by 12.9% in the third quarter. FMR LLC now owns 60,682,003 shares of the company’s stock valued at $1,915,731,000 after buying an additional 6,926,582 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after buying an additional 5,490,242 shares in the last quarter. Finally, Phoenix Holdings Ltd. acquired a new stake in shares of Keurig Dr Pepper in the third quarter valued at $62,524,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KDP shares. Barclays lifted their target price on Keurig Dr Pepper from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, April 12th. HSBC began coverage on Keurig Dr Pepper in a report on Friday, December 22nd. They issued a “hold” rating and a $37.00 target price for the company. Royal Bank of Canada decreased their price target on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Wedbush decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Finally, Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.45.

Insider Transactions at Keurig Dr Pepper

In other news, major shareholder Holdings B.V. Jab sold 13,043,478 shares of Keurig Dr Pepper stock in a transaction dated 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 sale, the insider now owns 283,443,879 shares in the company, valued at $8,191,528,103.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert S. Singer sold 12,132 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.25, for a total value of $354,861.00. Following the transaction, the director now owns 37,643 shares in the company, valued at approximately $1,101,057.75. The sale was disclosed in a legal 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 the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $28.90, for a total value of $376,956,514.20. Following the completion of the transaction, the insider now owns 283,443,879 shares in the company, valued at approximately $8,191,528,103.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,012,132 shares of company stock worth $2,890,354,861. Corporate insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Up 1.2 %

KDP opened at $31.50 on Friday. The business’s 50-day simple moving average is $30.25 and its 200-day simple moving average is $31.00. 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 stock has a market capitalization of $43.71 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.37 and a beta of 0.66.

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

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, March 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.48%.

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.