Skandinaviska Enskilda Banken AB publ Has $8.86 Million Position in Keurig Dr Pepper, Inc $KDP

Skandinaviska Enskilda Banken AB publ lowered its holdings 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 & Exchange Commission. The institutional investor owned 267,979 shares of the company’s stock after selling 63,919 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Keurig Dr Pepper were worth $8,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC raised its position in Keurig Dr Pepper by 2.9% during the first quarter. Mutual of America Capital Management LLC now owns 138,923 shares of the company’s stock valued at $4,754,000 after buying an additional 3,977 shares during the period. Avantax Advisory Services Inc. grew its stake in Keurig Dr Pepper by 29.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 22,278 shares of the company’s stock valued at $762,000 after acquiring an additional 5,099 shares in the last quarter. LPL Financial LLC grew its stake in Keurig Dr Pepper by 27.7% during the 1st quarter. LPL Financial LLC now owns 355,467 shares of the company’s stock valued at $12,164,000 after acquiring an additional 77,104 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Keurig Dr Pepper by 30.2% in the 1st quarter. Federated Hermes Inc. now owns 2,093 shares of the company’s stock valued at $72,000 after purchasing an additional 485 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Keurig Dr Pepper by 3.4% in the 1st quarter. US Bancorp DE now owns 64,433 shares of the company’s stock valued at $2,205,000 after purchasing an additional 2,092 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KDP. JPMorgan Chase & Co. decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, October 20th. BNP Paribas Exane lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Tuesday, August 26th. BNP Paribas downgraded shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Finally, Bank of America cut their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Stock Performance

KDP stock opened at $27.91 on Friday. The firm has a 50 day moving average of $26.79 and a two-hundred day moving average of $30.44. 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 capitalization of $37.91 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

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

Keurig Dr Pepper Announces Dividend

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

About Keurig Dr Pepper

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.