E. Ohman J or Asset Management AB Cuts Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

E. Ohman J or Asset Management AB cut its position in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,750 shares of the company's stock after selling 961,612 shares during the period. E. Ohman J or Asset Management AB's holdings in Keurig Dr Pepper were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KDP. Swedbank AB grew its holdings in Keurig Dr Pepper by 57.7% during the 3rd quarter. Swedbank AB now owns 733,823 shares of the company's stock valued at $27,504,000 after buying an additional 268,555 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Keurig Dr Pepper by 0.7% during the third quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company's stock worth $122,038,000 after acquiring an additional 22,657 shares during the last quarter. Franklin Resources Inc. grew its stake in Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company's stock valued at $22,806,000 after acquiring an additional 41,466 shares in the last quarter. LMR Partners LLP increased its holdings in Keurig Dr Pepper by 55.5% in the 3rd quarter. LMR Partners LLP now owns 521,000 shares of the company's stock valued at $19,527,000 after acquiring an additional 186,002 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its stake in Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company's stock worth $23,539,000 after purchasing an additional 54,167 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors.

Keurig Dr Pepper Trading Up 0.1 %

NASDAQ:KDP traded up $0.04 during mid-day trading on Friday, hitting $31.04. 7,780,873 shares of the stock traded hands, compared to its average volume of 8,124,423. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $42.10 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.16 and a beta of 0.61. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The firm's 50 day moving average is $31.98 and its two-hundred day moving average is $34.07.

Keurig Dr Pepper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.23 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 2.96%. Keurig Dr Pepper's payout ratio is 55.76%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KDP. UBS Group cut their price objective on Keurig Dr Pepper from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Citigroup cut their price target on Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating for the company in a report on Friday, October 25th. Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They set a "neutral" rating and a $35.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and raised their target price for the company from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Barclays decreased 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 Friday, January 17th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $37.50.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares in the company, valued at approximately $7,270,236,389.86. This trade represents a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.