369,327 Shares in Keurig Dr Pepper Inc. (NASDAQ:KDP) Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new stake in Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 369,327 shares of the company's stock, valued at approximately $11,863,000.

A number of other institutional investors also recently bought and sold shares of KDP. Vanguard Group Inc. raised its stake in shares of Keurig Dr Pepper by 23.6% in the fourth quarter. Vanguard Group Inc. now owns 119,587,162 shares of the company's stock worth $3,841,140,000 after buying an additional 22,856,757 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Keurig Dr Pepper by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,656,384 shares of the company's stock worth $1,755,564,000 after buying an additional 14,473,054 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Keurig Dr Pepper by 65.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,219,771 shares of the company's stock worth $681,579,000 after buying an additional 8,363,192 shares during the period. Norges Bank bought a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $197,819,000. Finally, Wellington Management Group LLP raised its stake in shares of Keurig Dr Pepper by 10.3% in the fourth quarter. Wellington Management Group LLP now owns 60,602,781 shares of the company's stock worth $1,946,561,000 after buying an additional 5,646,179 shares during the period. Institutional investors own 93.99% of the company's stock.

Insider Transactions at Keurig Dr Pepper

In related news, VP Angela A. Stephens sold 14,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $34.24, for a total transaction of $496,480.00. Following the completion of the sale, the vice president now directly owns 62,411 shares of the company's stock, valued at approximately $2,136,952.64. This trade represents a 18.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $33.39, for a total value of $400,680.00. Following the sale, the insider now directly owns 178,511 shares of the company's stock, valued at $5,960,482.29. This represents a 6.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 906,500 shares of company stock worth $30,984,800. 0.40% of the stock is currently owned by company insiders.

Keurig Dr Pepper Price Performance

NASDAQ KDP traded down $0.42 during trading on Monday, hitting $33.25. 12,124,229 shares of the stock traded hands, compared to its average volume of 10,687,903. The company has a market capitalization of $45.16 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.52. The firm has a 50-day simple moving average of $34.16 and a 200-day simple moving average of $33.04. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a 12-month low of $30.12 and a 12-month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.57 billion. Keurig Dr Pepper had a return on equity of 10.45% and a net margin of 15.04%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is 83.64%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Morgan Stanley upgraded Keurig Dr Pepper from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $38.00 to $40.00 in a research report on Tuesday, April 1st. Argus assumed coverage on Keurig Dr Pepper in a research report on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price for the company. HSBC upgraded Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their target price for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Finally, UBS Group increased their target price on Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.33.

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.