Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 28.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 508,089 shares of the company’s stock after acquiring an additional 112,419 shares during the period. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $16,930,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Keurig Dr Pepper

In other news, CEO Robert James Gamgort bought 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost 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 owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Robert James Gamgort bought 171,821 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost 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 owns 3,179,917 shares of the company’s stock, valued at approximately $92,535,584.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings B.V. Jab sold 13,043,478 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $8,191,528,103.10. The disclosure for this sale can be found here. Insiders sold a total of 100,012,132 shares of company stock worth $2,890,354,861 over the last three months. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KDP has been the topic of several research reports. Barclays boosted their price target 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. Wedbush cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Royal Bank of Canada cut their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group cut their price objective on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Morgan Stanley lowered their target price on Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.45.

Keurig Dr Pepper Stock Up 0.8 %

KDP opened at $31.76 on Tuesday. The business has a 50 day moving average price of $30.26 and a 200 day moving average price of $31.01. Keurig Dr Pepper Inc. has a twelve month low of $27.66 and a twelve month high of $35.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.25 and a current ratio of 0.38. The firm has a market cap of $44.07 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.40 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 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts forecast that Keurig Dr Pepper Inc. will post 1.91 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.71%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.48%.

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.