Skandinaviska Enskilda Banken AB publ Sells 63,919 Shares of Keurig Dr Pepper, Inc $KDP

Skandinaviska Enskilda Banken AB publ trimmed its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 19.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,979 shares of the company’s stock after selling 63,919 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Keurig Dr Pepper were worth $8,859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KDP. Rise Advisors LLC bought a new position in Keurig Dr Pepper in the 1st quarter worth $25,000. Chung Wu Investment Group LLC bought a new stake in Keurig Dr Pepper during the second quarter valued at about $26,000. NewSquare Capital LLC grew its position in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Keurig Dr Pepper in the second quarter valued at about $26,000. Finally, WPG Advisers LLC bought a new position in shares of Keurig Dr Pepper in the first quarter worth about $43,000. 93.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on KDP. Citigroup decreased their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. UBS Group reissued a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. HSBC restated a “hold” rating and issued a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, Barclays increased their price target on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, October 28th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.27.

Keurig Dr Pepper Stock Performance

KDP opened at $27.91 on Friday. The stock’s 50 day simple moving average is $26.79 and its 200-day simple moving average is $30.44. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $37.91 billion, a PE ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $0.51 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is 79.31%.

Keurig Dr Pepper Company Profile

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.