Swedbank AB Buys 268,555 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Swedbank AB lifted its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 57.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 733,823 shares of the company’s stock after buying an additional 268,555 shares during the period. Swedbank AB’s holdings in Keurig Dr Pepper were worth $27,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in KDP. SageView Advisory Group LLC bought a new stake in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $239,000. Mather Group LLC. bought a new stake in Keurig Dr Pepper during the first quarter worth $45,000. Perpetual Ltd lifted its stake in Keurig Dr Pepper by 2.8% during the first quarter. Perpetual Ltd now owns 505,101 shares of the company’s stock worth $15,491,000 after purchasing an additional 13,779 shares during the last quarter. Czech National Bank lifted its stake in Keurig Dr Pepper by 3.9% during the first quarter. Czech National Bank now owns 183,252 shares of the company’s stock worth $5,620,000 after purchasing an additional 6,917 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in Keurig Dr Pepper by 14.6% during the first quarter. Banque Cantonale Vaudoise now owns 93,607 shares of the company’s stock worth $2,871,000 after purchasing an additional 11,917 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $36.64 on Thursday. The company has a market capitalization of $49.67 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper Inc. has a twelve month low of $28.32 and a twelve month high of $38.28. The stock has a fifty day simple moving average of $36.56 and a 200 day simple moving average of $34.38. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Sell-side analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 59.35%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Keurig Dr Pepper from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $43.00 in a research note on Monday, September 23rd. TD Cowen upped their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Royal Bank of Canada restated an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Finally, BNP Paribas began coverage on Keurig Dr Pepper in a research note on Monday, June 24th. They set a “neutral” rating and a $36.00 target price for the company. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and a consensus target price of $38.21.

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.