Handelsbanken Fonder AB Raises Stake in Keurig Dr Pepper, Inc $KDP

Handelsbanken Fonder AB boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 659,345 shares of the company’s stock after buying an additional 80,461 shares during the quarter. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $21,798,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Croban boosted its stake in Keurig Dr Pepper by 0.9% in the second quarter. Croban now owns 31,849 shares of the company’s stock valued at $1,053,000 after acquiring an additional 294 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after purchasing an additional 339 shares during the period. Commerce Bank lifted its stake in Keurig Dr Pepper by 1.6% in the first quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after purchasing an additional 340 shares during the last quarter. NewSquare Capital LLC grew its holdings in Keurig Dr Pepper by 94.1% during 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 period. Finally, Raleigh Capital Management Inc. increased its position in Keurig Dr Pepper by 3.5% in the second quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock worth $384,000 after buying an additional 395 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KDP shares. Hsbc Global Res cut Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Bank of America lowered their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Piper Sandler dropped their price objective on shares of Keurig Dr Pepper from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. reduced their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Finally, BNP Paribas Exane lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.27.

Keurig Dr Pepper Trading Up 1.9%

Shares of Keurig Dr Pepper stock opened at $27.74 on Friday. The company’s 50-day moving average price is $26.74 and its 200-day moving average price is $30.65. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 12-month low of $25.03 and a 12-month high of $36.12. The company has a market cap of $37.69 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. Keurig Dr Pepper’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts expect that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

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

Keurig Dr Pepper 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.