Handelsbanken Fonder AB Acquires 130,191 Shares of Keurig Dr Pepper, Inc $KDP

Handelsbanken Fonder AB lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 22.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 714,051 shares of the company’s stock after buying an additional 130,191 shares during the period. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $23,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. T. Rowe Price Investment Management Inc. acquired a new position in Keurig Dr Pepper during the 4th quarter valued at $727,667,000. Norges Bank acquired a new stake in Keurig Dr Pepper in the 4th quarter worth $568,361,000. Capital International Investors increased its holdings in shares of Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock worth $472,193,000 after purchasing an additional 16,050,437 shares during the period. Wellington Management Group LLP increased its holdings in shares of Keurig Dr Pepper by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock worth $1,596,664,000 after purchasing an additional 15,393,753 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Keurig Dr Pepper by 285.3% during the fourth quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock valued at $325,925,000 after buying an additional 8,615,869 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KDP. Sanford C. Bernstein set a $39.00 target price on shares of Keurig Dr Pepper in a research note on Wednesday, July 8th. UBS Group boosted their price target on Keurig Dr Pepper from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price target on Keurig Dr Pepper from $33.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Evercore set a $30.00 price objective on Keurig Dr Pepper in a research report on Friday, April 24th. Finally, BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Wednesday, April 22nd. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.12.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $29.56 on Thursday. The firm has a market capitalization of $40.22 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94. The firm has a 50-day moving average price of $31.13 and a 200 day moving average price of $29.18.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s quarterly revenue was up 75.6% on a year-over-year basis. Research analysts anticipate that Keurig Dr Pepper, Inc will post 2.3 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a yield of 3.1%. Keurig Dr Pepper’s payout ratio is currently 92.93%.

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.