Keurig Dr Pepper Inc. (NASDAQ:KDP) Stock Position Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 53.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 325,398 shares of the company’s stock after purchasing an additional 112,819 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Keurig Dr Pepper were worth $10,400,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KDP. Ashton Thomas Securities LLC bought a new stake in Keurig Dr Pepper in the third quarter worth approximately $25,000. LRI Investments LLC bought a new stake in Keurig Dr Pepper in the third quarter worth approximately $35,000. Whipplewood Advisors LLC bought a new stake in Keurig Dr Pepper in the fourth quarter worth approximately $37,000. Brooklyn Investment Group bought a new stake in Keurig Dr Pepper in the third quarter worth approximately $61,000. Finally, R Squared Ltd bought a new stake in Keurig Dr Pepper in the fourth quarter worth approximately $70,000. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $33.59 on Friday. The stock has a market cap of $45.57 billion, a P/E ratio of 20.36, a PEG ratio of 2.42 and a beta of 0.62. Keurig Dr Pepper Inc. has a one year low of $28.62 and a one year high of $38.28. The company has a fifty day moving average price of $32.17 and a 200 day moving average price of $33.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Tuesday, February 25th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the prior year, the company earned $0.55 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio is 87.62%.

Insider Activity

In other news, Chairman Robert James Gamgort sold 416,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.29, for a total value of $14,264,640.00. Following the completion of the transaction, the chairman now owns 3,237,066 shares in the company, valued at approximately $110,998,993.14. This represents a 11.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $34.05, for a total transaction of $408,600.00. Following the completion of the transaction, the insider now owns 187,537 shares of the company’s stock, valued at approximately $6,385,634.85. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,385,350 shares of company stock worth $2,755,891,890. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays set a $39.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 27th. UBS Group reissued a “buy” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Piper Sandler assumed coverage on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. They set a “neutral” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Keurig Dr Pepper from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and an average target price of $38.23.

Keurig Dr Pepper 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.