Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 368,250 shares of the company’s stock after selling 97,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Keurig Dr Pepper were worth $11,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after purchasing an additional 9,105,164 shares during the last quarter. State Street Corp increased its position in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares in the last quarter. National Bank of Canada FI increased its position in Keurig Dr Pepper by 394.3% during the 3rd quarter. National Bank of Canada FI now owns 2,452,200 shares of the company’s stock valued at $91,908,000 after buying an additional 1,956,138 shares in the last quarter. King Luther Capital Management Corp raised its stake in Keurig Dr Pepper by 125.5% during the third quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company’s stock valued at $51,679,000 after buying an additional 767,298 shares during the last quarter. Finally, Suvretta Capital Management LLC bought a new stake in Keurig Dr Pepper in the third quarter worth $26,352,000. 93.99% of the stock is currently owned by institutional investors.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of Keurig Dr Pepper stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $34.04 on Monday. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The business has a fifty day moving average of $31.80 and a 200 day moving average of $33.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $46.17 billion, a P/E ratio of 20.63, a PEG ratio of 2.42 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s payout ratio is currently 55.76%.

Analyst Ratings Changes

KDP has been the subject of several analyst reports. UBS Group reduced their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. TD Cowen dropped 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. Barclays reduced their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Piper Sandler initiated coverage on Keurig Dr Pepper in a research report on Tuesday, January 7th. They issued a “neutral” rating and a $35.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.