AMF Tjanstepension AB Cuts Stock Holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP)

Key Points

• AMF Tjanstepension AB reduced its stake in Keurig Dr Pepper, Inc. by 48.8%, owning 34,914 shares after selling 33,318 shares in the first quarter.
• Several institutional investors have modified their holdings, with Mitsubishi UFJ Asset Management increasing its stake by 17.9% and Headlands Technologies LLC increasing by 41.4%.
• Analysts have generally positive views on Keurig Dr Pepper, with an average rating of "Moderate Buy" and a price target increase from $37.00 to $39.00 by Barclays.

AMF Tjanstepension AB reduced its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 48.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,914 shares of the company's stock after selling 33,318 shares during the quarter. AMF Tjanstepension AB's holdings in Keurig Dr Pepper were worth $1,194,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KDP. Vanguard Group Inc. boosted its stake in Keurig Dr Pepper by 21.3% in the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after buying an additional 25,425,644 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $1,755,564,000 after buying an additional 14,473,054 shares in the last quarter. Northern Trust Corp boosted its stake in Keurig Dr Pepper by 20.6% in the fourth quarter. Northern Trust Corp now owns 13,598,633 shares of the company's stock valued at $436,788,000 after buying an additional 2,320,614 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Keurig Dr Pepper by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,926,645 shares of the company's stock valued at $318,836,000 after buying an additional 1,548,622 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Keurig Dr Pepper by 15.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,260,957 shares of the company's stock valued at $297,462,000 after buying an additional 1,258,062 shares in the last quarter. 93.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KDP. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, April 22nd. HSBC raised Keurig Dr Pepper from a "hold" rating to a "buy" rating and lifted their price target for the company from $36.00 to $42.00 in a research note on Friday, April 25th. UBS Group cut their price target on Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Barclays lifted their price target on Keurig Dr Pepper from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Argus initiated coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.77.

Keurig Dr Pepper Trading Up 0.5%

KDP stock traded up $0.19 during mid-day trading on Tuesday, reaching $34.81. The company's stock had a trading volume of 7,705,960 shares, compared to its average volume of 12,100,869. The company has a market cap of $47.29 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.51 and a beta of 0.45. The business's 50 day moving average price is $33.34 and its 200 day moving average price is $33.47. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. 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 issued its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's payout ratio is presently 82.14%.

Insiders Place Their Bets

In other news, insider Mary Beth Denooyer sold 12,000 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total transaction of $403,920.00. Following the completion of the sale, the insider owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director De Ven Michael G. Van acquired 15,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $33.20 per share, with a total value of $498,000.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at approximately $498,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 672,000 shares of company stock worth $22,235,760. 1.00% of the stock is owned by corporate insiders.

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.