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

Handelsbanken Fonder AB raised its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 656,342 shares of the company’s stock after purchasing an additional 97,398 shares during the quarter. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $21,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $61,000. R Squared Ltd purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $70,000. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Keurig Dr Pepper by 52.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,997 shares of the company’s stock valued at $75,000 after acquiring an additional 684 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Keurig Dr Pepper

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $33.34 per share, for a total transaction of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This represents a 1.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 2.7 %

Shares of NASDAQ:KDP opened at $34.04 on Friday. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The company’s 50 day moving average is $31.80 and its two-hundred day moving average is $33.95. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The company has a market cap of $46.17 billion, a PE ratio of 20.63, a P/E/G ratio of 2.39 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is presently 55.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KDP shares. Jefferies Financial Group reduced their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. TD Cowen cut their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $39.00 in a research note on Thursday, December 12th. Finally, Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Moderate Buy” and an average target price of $37.50.

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.