Keurig Dr Pepper, Inc (NASDAQ:KDP) Stake Lessened by Forsta AP Fonden

Key Points

• Forsta AP Fonden decreased its stake in Keurig Dr Pepper by 6.9%, selling 17,500 shares and bringing its total ownership to 235,700 shares valued at approximately $8 million.
• Insider transactions included Mary Beth Denooyer selling 12,000 shares while Director De Ven Michael G. Van purchased 15,000 shares, reflecting significant activity among corporate insiders.
• Wall Street analysts have varied opinions on Keurig Dr Pepper, with some upgrading their ratings and price targets, indicating a consensus rating of "Moderate Buy" and an average price target of $39.77.

Forsta AP Fonden cut its position in Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,700 shares of the company's stock after selling 17,500 shares during the quarter. Forsta AP Fonden's holdings in Keurig Dr Pepper were worth $8,066,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Advisory Services Network LLC grew its position in shares of Keurig Dr Pepper by 98.5% in the 4th quarter. Advisory Services Network LLC now owns 64,730 shares of the company's stock valued at $2,079,000 after buying an additional 32,114 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Keurig Dr Pepper by 14.2% during the fourth quarter. Bessemer Group Inc. now owns 11,100 shares of the company's stock valued at $356,000 after acquiring an additional 1,378 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Keurig Dr Pepper by 10.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 542,554 shares of the company's stock worth $17,427,000 after buying an additional 52,280 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Keurig Dr Pepper by 15.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,577 shares of the company's stock worth $403,000 after acquiring an additional 1,707 shares during the period. Finally, Townsquare Capital LLC boosted its stake in Keurig Dr Pepper by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 15,734 shares of the company's stock valued at $505,000 after buying an additional 327 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KDP. Barclays lifted their price objective on Keurig Dr Pepper from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Argus began coverage on Keurig Dr Pepper in a research note on Wednesday, April 16th. They set a "buy" rating and a $40.00 target price on the stock. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group dropped their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $42.00 in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.77.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded up $0.19 during mid-day trading on Tuesday, hitting $34.81. The stock had a trading volume of 7,705,961 shares, compared to its average volume of 10,111,649. 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, Inc has a fifty-two week low of $30.12 and a fifty-two week high of $38.28. The company's 50-day simple moving average is $33.34 and its 200-day simple moving average is $33.47. The firm has a market cap of $47.29 billion, a PE ratio of 17.31, a PEG ratio of 2.52 and a beta of 0.45.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Keurig Dr Pepper had a net margin of 9.75% and a return on equity of 11.05%. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the firm posted $0.45 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side 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 announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, June 27th. Keurig Dr Pepper's dividend payout ratio (DPR) is 82.14%.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total transaction of $395,040.00. Following the completion of the sale, the insider directly owned 118,511 shares in the company, valued at $3,901,382.12. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director De Ven Michael G. Van bought 15,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average price of $33.20 per share, with a total value of $498,000.00. Following the completion of the acquisition, the director owned 15,000 shares of the company's stock, valued at $498,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In 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.