Keurig Dr Pepper, Inc $KDP Shares Bought by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its stake in Keurig Dr Pepper by 32.9%, acquiring an additional 31,112 shares, bringing its total holdings to 125,613 shares valued at $4,153,000.
• Keurig Dr Pepper's stock has received mixed reviews from analysts, with price targets ranging from $30.00 (HSBC) to $41.00 (Jefferies), indicating a consensus average target price of $37.77.
• The company announced a quarterly dividend of $0.23 per share, which signifies an annualized dividend of $0.92 with a yield of 3.4%.

Avanza Fonder AB lifted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,613 shares of the company's stock after purchasing an additional 31,112 shares during the quarter. Avanza Fonder AB's holdings in Keurig Dr Pepper were worth $4,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC purchased a new position in Keurig Dr Pepper in the 1st quarter worth approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in Keurig Dr Pepper in the first quarter valued at approximately $27,000. WPG Advisers LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at $43,000. Continuum Advisory LLC boosted its position in Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock worth $46,000 after purchasing an additional 602 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Keurig Dr Pepper during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 93.99% of the company's stock.

Insider Activity

In related news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $33.66, for a total value of $403,920.00. Following the completion of the transaction, the insider directly owned 82,511 shares in the company, valued at approximately $2,777,320.26. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert James Gamgort sold 208,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $32.90, for a total value of $6,843,200.00. Following the completion of the sale, the director owned 2,292,169 shares in the company, valued at approximately $75,412,360.10. This represents a 8.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 447,601 shares of company stock valued at $14,825,192. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group decreased their price objective on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 27th. Hsbc Global Res cut shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. HSBC reaffirmed a "hold" rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Thursday, July 17th. Finally, Citigroup dropped their target price on shares of Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Keurig Dr Pepper currently has an average rating of "Moderate Buy" and a consensus price target of $37.77.

Keurig Dr Pepper Stock Down 4.3%

NASDAQ KDP traded down $1.16 during trading hours on Monday, reaching $25.95. 23,821,935 shares of the company's stock traded hands, compared to its average volume of 26,624,970. The firm has a 50-day simple moving average of $31.53 and a 200 day simple moving average of $32.98. The firm has a market cap of $35.25 billion, a PE ratio of 23.17, a PEG ratio of 1.49 and a beta of 0.47. Keurig Dr Pepper, Inc has a 52-week low of $25.92 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a return on equity of 11.05% and a net margin of 9.75%.The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.14 billion. Keurig Dr Pepper's revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts anticipate that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, September 26th. Keurig Dr Pepper's payout ratio is presently 82.14%.

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.