Fjarde AP Fonden Fourth Swedish National Pension Fund Has $10.61 Million Holdings in Keurig Dr Pepper, Inc $KDP

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 378,839 shares of the company’s stock after selling 21,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Keurig Dr Pepper were worth $10,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Candriam S.C.A. lifted its position in shares of Keurig Dr Pepper by 50.9% in the third quarter. Candriam S.C.A. now owns 377,667 shares of the company’s stock worth $9,634,000 after buying an additional 127,389 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in shares of Keurig Dr Pepper by 83.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company’s stock worth $5,228,000 after purchasing an additional 93,374 shares during the period. Ossiam boosted its stake in Keurig Dr Pepper by 508.0% during the 3rd quarter. Ossiam now owns 726,288 shares of the company’s stock valued at $18,528,000 after purchasing an additional 606,826 shares during the period. Polar Asset Management Partners Inc. bought a new stake in Keurig Dr Pepper during the 3rd quarter valued at approximately $2,551,000. Finally, Aberdeen Group plc boosted its stake in Keurig Dr Pepper by 26.7% during the 3rd quarter. Aberdeen Group plc now owns 1,844,123 shares of the company’s stock valued at $47,044,000 after purchasing an additional 388,567 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Evercore set a $30.00 target price on Keurig Dr Pepper in a research note on Friday, April 24th. Wells Fargo & Company decreased their target price on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a research note on Wednesday, April 22nd. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Barclays increased their target price on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper currently has an average rating of “Hold” and an average target price of $31.57.

Keurig Dr Pepper Trading Up 1.6%

Keurig Dr Pepper stock opened at $30.53 on Friday. The business has a 50 day moving average price of $28.00 and a two-hundred day moving average price of $28.10. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio is 68.15%.

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.