Varma Mutual Pension Insurance Co Has $9.40 Million Stock Position in Keurig Dr Pepper, Inc $KDP

Varma Mutual Pension Insurance Co boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 9.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 368,626 shares of the company’s stock after buying an additional 31,000 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Keurig Dr Pepper were worth $9,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of KDP. Norges Bank bought a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $568,525,000. Vanguard Group Inc. grew its position in Keurig Dr Pepper by 9.8% during the second quarter. Vanguard Group Inc. now owns 159,257,574 shares of the company’s stock worth $5,265,055,000 after buying an additional 14,244,768 shares in the last quarter. Invesco Ltd. increased its stake in Keurig Dr Pepper by 43.2% during the second quarter. Invesco Ltd. now owns 31,467,631 shares of the company’s stock valued at $1,040,320,000 after acquiring an additional 9,494,503 shares during the period. State Street Corp increased its stake in Keurig Dr Pepper by 11.2% during the second quarter. State Street Corp now owns 63,608,006 shares of the company’s stock valued at $2,117,279,000 after acquiring an additional 6,412,494 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Keurig Dr Pepper by 13.5% in the 2nd quarter. Geode Capital Management LLC now owns 30,217,363 shares of the company’s stock valued at $994,275,000 after acquiring an additional 3,595,579 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $29.69 on Friday. The stock has a market capitalization of $40.34 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 2.05 and a beta of 0.34. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12. The firm has a 50 day moving average of $28.13 and a 200-day moving average of $28.51.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 79.31%.

Insider Buying and Selling at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the transaction, the vice president directly owned 54,200 shares of the company’s stock, valued at $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $32.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Barclays increased their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. Piper Sandler lifted their price objective on Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.87.

Keurig Dr Pepper 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.