Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Bought by Swedbank AB

Swedbank AB boosted its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 747,002 shares of the company's stock after acquiring an additional 13,179 shares during the period. Swedbank AB owned 0.06% of Keurig Dr Pepper worth $23,994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KDP. Creative Planning lifted its position in shares of Keurig Dr Pepper by 73.6% in the second quarter. Creative Planning now owns 65,691 shares of the company's stock valued at $2,194,000 after acquiring an additional 27,860 shares in the last quarter. Quarry LP lifted its holdings in Keurig Dr Pepper by 96.8% in the 2nd quarter. Quarry LP now owns 2,489 shares of the company's stock valued at $83,000 after purchasing an additional 1,224 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Keurig Dr Pepper by 169.3% during the 2nd quarter. Truist Financial Corp now owns 238,251 shares of the company's stock worth $7,958,000 after purchasing an additional 149,776 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the second quarter worth about $2,564,000. Finally, Norman Fields Gottscho Capital Management LLC acquired a new position in shares of Keurig Dr Pepper in the third quarter valued at approximately $270,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of NASDAQ:KDP traded down $0.13 during trading on Friday, reaching $32.11. 184,018 shares of the company's stock traded hands, compared to its average volume of 7,456,752. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The company has a 50 day moving average of $32.12 and a 200-day moving average of $34.13. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28. The stock has a market capitalization of $43.55 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper's dividend payout ratio is presently 55.76%.

Analysts Set New Price Targets

Several research firms have commented on KDP. Royal Bank of Canada lifted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Barclays lowered their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Wells Fargo & Company reduced their target price on Keurig Dr Pepper from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and upped their price objective for the stock from $37.00 to $39.00 in a report on Thursday, December 12th. Finally, Piper Sandler assumed coverage on Keurig Dr Pepper in a report on Tuesday, January 7th. They issued a "neutral" rating and a $35.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Keurig Dr Pepper Company Profile

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.