SEB Asset Management AB Makes New $6.88 Million Investment in Keurig Dr Pepper, Inc $KDP

SEB Asset Management AB purchased a new stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 261,354 shares of the company’s stock, valued at approximately $6,881,000.

Several other large investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in Keurig Dr Pepper by 290.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock worth $1,475,000 after buying an additional 39,156 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Keurig Dr Pepper by 194.6% during the 4th quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock valued at $2,438,000 after acquiring an additional 57,500 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Keurig Dr Pepper by 47.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after acquiring an additional 57,797 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Keurig Dr Pepper by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after acquiring an additional 47,184 shares in the last quarter. Finally, Sendero Wealth Management LLC grew its holdings in shares of Keurig Dr Pepper by 31.8% in the 4th quarter. Sendero Wealth Management LLC now owns 318,802 shares of the company’s stock worth $8,930,000 after acquiring an additional 76,886 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $30.21 on Wednesday. The company’s fifty day moving average is $30.85 and its two-hundred day moving average is $28.87. The company has a market cap of $41.10 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.39 and a beta of 0.40. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Keurig Dr Pepper’s revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 68.15%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KDP shares. Weiss Ratings raised Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. lifted their price target on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Sanford C. Bernstein set a $39.00 price objective on Keurig Dr Pepper in a report on Wednesday, July 8th. Barclays raised shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $36.00 in a research note on Thursday, June 25th. Finally, BNP Paribas Exane upgraded shares of Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.07.

Keurig Dr Pepper Company Profile

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.