Danske Bank A S Grows Stake in Keurig Dr Pepper, Inc $KDP

Key Points

• Danske Bank A/S raised its stake in Keurig Dr Pepper by 11.6% to 967,705 shares (~$27.1M), and institutional investors now own about 93.99% of the company.
• Keurig Dr Pepper beat quarterly EPS estimates ($0.39 vs. $0.37) with revenue up 9.4% year‑over‑year to $3.98 billion, and it pays a $0.23 quarterly dividend (3.2% yield, 68% payout ratio).
• The stock sports a market cap of $39.6 billion and a P/E of 21.55, and analysts' consensus is a Moderate Buy with an average target of $31.57.

Danske Bank A S raised its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 967,705 shares of the company's stock after acquiring an additional 100,788 shares during the quarter. Danske Bank A S owned approximately 0.07% of Keurig Dr Pepper worth $27,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AustralianSuper Pty Ltd purchased a new stake in Keurig Dr Pepper during the third quarter worth $1,217,000. Bank of New York Mellon Corp lifted its holdings in Keurig Dr Pepper by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 7,927,144 shares of the company's stock worth $202,221,000 after buying an additional 223,160 shares during the period. Candriam S.C.A. lifted its holdings in Keurig Dr Pepper by 50.9% during the third quarter. Candriam S.C.A. now owns 377,667 shares of the company's stock worth $9,634,000 after buying an additional 127,389 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Keurig Dr Pepper by 69.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,015 shares of the company's stock worth $2,660,000 after buying an additional 43,223 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its holdings in Keurig Dr Pepper by 83.7% during the third quarter. Elo Mutual Pension Insurance Co now owns 204,935 shares of the company's stock worth $5,228,000 after buying an additional 93,374 shares during the period. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $29.09 on Friday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The stock has a fifty day moving average price of $27.48 and a 200-day moving average price of $27.74. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The firm has a market cap of $39.58 billion, a PE ratio of 21.55, a P/E/G ratio of 1.33 and a beta of 0.41.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, March 27th. Keurig Dr Pepper's dividend payout ratio is currently 68.15%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KDP. Zacks Research upgraded Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a report on Friday, April 17th. Citigroup lowered their target price on Keurig Dr Pepper from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Weiss Ratings restated a "hold (c-)" rating on shares of Keurig Dr Pepper in a report on Monday, April 27th. Finally, Evercore set a $30.00 target price on Keurig Dr Pepper in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and an average target price of $31.57.

About Keurig Dr Pepper

Keurig Dr Pepper NASDAQ: KDP is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig's single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company's product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.

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