Nordea Investment Management AB Purchases 21,501 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Nordea Investment Management AB grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 42.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,577 shares of the company's stock after purchasing an additional 21,501 shares during the quarter. Nordea Investment Management AB's holdings in Keurig Dr Pepper were worth $2,327,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KDP. FMR LLC raised its position in shares of Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company's stock worth $3,829,824,000 after acquiring an additional 9,105,164 shares during the last quarter. State Street Corp raised its position in shares of Keurig Dr Pepper by 10.9% during the third quarter. State Street Corp now owns 50,609,224 shares of the company's stock worth $1,908,289,000 after acquiring an additional 4,970,467 shares during the last quarter. National Bank of Canada FI raised its position in shares of Keurig Dr Pepper by 394.3% during the third quarter. National Bank of Canada FI now owns 2,452,200 shares of the company's stock worth $91,908,000 after acquiring an additional 1,956,138 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 during the last quarter. Finally, Armistice Capital LLC raised its position in shares of Keurig Dr Pepper by 186.3% during the second quarter. Armistice Capital LLC now owns 1,486,063 shares of the company's stock worth $49,635,000 after acquiring an additional 966,924 shares during the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Keurig Dr Pepper Stock Down 2.4 %

Shares of NASDAQ KDP traded down $0.74 during midday trading on Friday, hitting $30.38. 9,825,212 shares of the stock traded hands, compared to its average volume of 9,534,726. The company has a market cap of $41.21 billion, a PE ratio of 18.41, a P/E/G ratio of 2.59 and a beta of 0.61. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The business has a 50 day moving average price of $32.45 and a two-hundred day moving average price of $34.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53.

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

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.23 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.03%. Keurig Dr Pepper's payout ratio is 55.76%.

Insider Activity at Keurig Dr Pepper

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company's stock, valued at approximately $7,001,592,649.35. The trade was a 24.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KDP. JPMorgan Chase & Co. lowered their price objective on Keurig Dr Pepper from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Barclays lowered their price objective on Keurig Dr Pepper from $41.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Royal Bank of Canada lifted their target price on Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Piper Sandler started coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 target price for the company. Finally, TD Cowen lowered their target price on Keurig Dr Pepper from $39.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and an average target price of $37.93.

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.