BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in Keurig Dr Pepper, Inc $KDP

BI Asset Management Fondsmaeglerselskab A S grew its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 32.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 85,171 shares of the company’s stock after acquiring an additional 21,106 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Keurig Dr Pepper were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KDP. NewSquare Capital LLC increased its stake in 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 period. AlphaCore Capital LLC purchased a new position in shares of Keurig Dr Pepper during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at about $26,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Keurig Dr Pepper by 102,300.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,024 shares of the company’s stock valued at $34,000 after acquiring an additional 1,023 shares during the period. 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $35.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Barclays lifted 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 report on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Keurig Dr Pepper in a research report on Wednesday, January 28th. Piper Sandler lifted their target price on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.87.

Keurig Dr Pepper Stock Up 1.4%

KDP stock opened at $28.41 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.38 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $28.04 and its 200 day moving average price is $28.61. Keurig Dr Pepper, Inc has a 52 week low of $25.03 and a 52 week high of $36.12. The company has a market cap of $38.60 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.95 and a beta of 0.34.

Keurig Dr Pepper Dividend Announcement

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 3.2%. Keurig Dr Pepper’s dividend payout ratio is currently 79.31%.

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. 0.40% of the stock is owned by insiders.

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.