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

Lansforsakringar Fondforvaltning AB publ grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,051 shares of the company’s stock after acquiring an additional 25,793 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Keurig Dr Pepper were worth $10,486,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. NewSquare Capital LLC boosted its stake in Keurig Dr Pepper by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock worth $26,000 after purchasing an additional 386 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of Keurig Dr Pepper during the second quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Keurig Dr Pepper during the third quarter worth about $26,000. Mather Group LLC. acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. raised its stake in Keurig Dr Pepper by 71.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares during the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KDP. Wells Fargo & Company lifted their target price on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Barclays boosted their price objective on shares of Keurig Dr Pepper from $26.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 28th. Jefferies Financial Group cut shares of Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $32.00 in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Finally, UBS Group restated a “buy” rating and issued a $35.00 price objective on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Ten research 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. Based on data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Moderate Buy” and an average price target of $34.87.

Insiders Place Their Bets

In related news, VP Angela A. Stephens sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction 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 approximately $1,599,984. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Stock Up 0.8%

Shares of NASDAQ KDP opened at $29.77 on Tuesday. The stock has a market capitalization of $40.44 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.14 and a beta of 0.34. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The firm has a 50-day moving average price of $28.14 and a 200 day moving average price of $28.27. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued 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 is currently 79.31%.

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.