Keurig Dr Pepper, Inc $KDP Shares Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ grew its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 411,051 shares of the company’s stock after buying an additional 25,793 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Keurig Dr Pepper were worth $10,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC grew its holdings in Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after buying an additional 386 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Keurig Dr Pepper in the second quarter valued at $26,000. Root Financial Partners LLC acquired a new stake in shares of Keurig Dr Pepper during the third quarter valued at $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Keurig Dr Pepper by 102,300.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock worth $34,000 after purchasing an additional 1,023 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Keurig Dr Pepper by 71.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 484 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP opened at $29.77 on Tuesday. The business has a 50-day moving average of $28.14 and a two-hundred day moving average of $28.27. The firm has a market capitalization of $40.44 billion, a PE ratio of 25.66, a P/E/G ratio of 2.14 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12.

Keurig Dr Pepper Announces Dividend

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

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KDP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Barclays lifted their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. UBS Group reiterated a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Jefferies Financial Group lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company upped their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.87.

About Keurig Dr Pepper

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.