E. Ohman J or Asset Management AB Sells 4,300 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

E. Ohman J or Asset Management AB lowered its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 8.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 47,450 shares of the company’s stock after selling 4,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in Keurig Dr Pepper were worth $1,624,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Keurig Dr Pepper by 23.6% during the 4th quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company’s stock valued at $3,841,140,000 after purchasing an additional 22,856,757 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Keurig Dr Pepper by 10.3% during the 4th quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company’s stock valued at $1,946,561,000 after purchasing an additional 5,646,179 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Keurig Dr Pepper by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company’s stock worth $1,755,564,000 after acquiring an additional 14,473,054 shares during the last quarter. Geode Capital Management LLC grew its holdings in Keurig Dr Pepper by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 24,511,039 shares of the company’s stock worth $784,974,000 after acquiring an additional 1,962,195 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Keurig Dr Pepper by 19.6% in the 4th quarter. Invesco Ltd. now owns 21,605,610 shares of the company’s stock worth $693,972,000 after acquiring an additional 3,539,463 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KDP. Argus began coverage on shares of Keurig Dr Pepper in a report on Wednesday, April 16th. They issued a “buy” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company reissued an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $42.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, April 22nd. Finally, Hsbc Global Res raised shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $39.33.

Keurig Dr Pepper Trading Up 0.6%

Shares of NASDAQ KDP opened at $32.77 on Friday. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The stock has a market cap of $44.51 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The firm has a 50-day moving average of $34.03 and a 200 day moving average of $33.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

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

Keurig Dr Pepper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 83.64%.

Insider Activity at Keurig Dr Pepper

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $33.39, for a total transaction of $400,680.00. Following the completion of the transaction, the insider now directly owns 178,511 shares of the company’s stock, valued at $5,960,482.29. This trade represents a 6.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director De Ven Michael G. Van acquired 15,000 shares of Keurig Dr Pepper stock in a transaction on Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $498,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 698,500 shares of company stock valued at $23,591,400 in the last three months. Company insiders own 0.40% of the company’s stock.

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.