Avanza Fonder AB Sells 19,938 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Avanza Fonder AB reduced its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,501 shares of the company’s stock after selling 19,938 shares during the period. Avanza Fonder AB’s holdings in Keurig Dr Pepper were worth $3,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Townsquare Capital LLC boosted its stake in shares of Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company’s stock valued at $505,000 after purchasing an additional 327 shares in the last quarter. Barden Capital Management Inc. boosted its stake in shares of Keurig Dr Pepper by 0.9% during the fourth quarter. Barden Capital Management Inc. now owns 39,836 shares of the company’s stock valued at $1,280,000 after purchasing an additional 353 shares in the last quarter. New Age Alpha Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 82.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 1.2% during the fourth quarter. Denali Advisors LLC now owns 35,087 shares of the company’s stock valued at $1,127,000 after purchasing an additional 406 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Keurig Dr Pepper by 2.3% during the fourth quarter. Horizon Investments LLC now owns 18,216 shares of the company’s stock valued at $581,000 after purchasing an additional 411 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KDP shares. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $42.00 in a research note on Friday, April 25th. Argus started coverage on shares of Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a “buy” rating and a $40.00 price objective on the stock. UBS Group increased their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Morgan Stanley raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Insiders Place Their Bets

In related news, Director Robert James Gamgort sold 208,000 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total transaction of $7,063,680.00. Following the completion of the transaction, the director now directly owns 3,054,490 shares in the company, valued at $103,730,480.40. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director De Ven Michael G. Van bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $498,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 698,500 shares of company stock valued at $23,591,400. Insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Trading Down 0.1%

NASDAQ KDP opened at $32.95 on Wednesday. The company has a fifty day simple moving average of $33.94 and a two-hundred day simple moving average of $33.07. The stock has a market cap of $44.75 billion, a P/E ratio of 19.97, a P/E/G ratio of 2.42 and a beta of 0.48. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. On average, analysts forecast that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.79%. Keurig Dr Pepper’s dividend payout ratio is currently 83.64%.

About Keurig Dr Pepper

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.