Swedbank AB Increases Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Swedbank AB lifted its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 57.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 733,823 shares of the company's stock after purchasing an additional 268,555 shares during the period. Swedbank AB owned 0.05% of Keurig Dr Pepper worth $27,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KDP. Dimensional Fund Advisors LP boosted its stake in Keurig Dr Pepper by 41.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,373,362 shares of the company's stock worth $212,901,000 after acquiring an additional 1,878,597 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Keurig Dr Pepper in the 2nd quarter worth approximately $37,643,000. Armistice Capital LLC increased its position in Keurig Dr Pepper by 186.3% during the 2nd quarter. Armistice Capital LLC now owns 1,486,063 shares of the company's stock valued at $49,635,000 after buying an additional 966,924 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Keurig Dr Pepper by 5,018.4% during the second quarter. Public Sector Pension Investment Board now owns 839,057 shares of the company's stock valued at $28,025,000 after buying an additional 822,664 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in Keurig Dr Pepper by 125.5% during the third quarter. King Luther Capital Management Corp now owns 1,378,853 shares of the company's stock valued at $51,679,000 after buying an additional 767,298 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Buying and Selling at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total transaction of $2,252,850,000.00. Following the transaction, the insider now directly owns 214,443,879 shares in the company, valued at $7,001,592,649.35. This trade represents a 24.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

KDP has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Evercore ISI raised shares of Keurig Dr Pepper to a "hold" rating in a report on Thursday, September 5th. JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Citigroup dropped their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group cut their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $38.36.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP traded down $0.20 during mid-day trading on Tuesday, reaching $32.65. The stock had a trading volume of 9,477,392 shares, compared to its average volume of 9,272,144. The company has a market cap of $44.29 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.52 and a beta of 0.63. The business's 50 day moving average price is $35.11 and its 200 day moving average price is $34.71. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. Research analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.23 dividend. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Friday, September 27th. Keurig Dr Pepper's dividend payout ratio is 55.76%.

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.