Handelsbanken Fonder AB Decreases Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Handelsbanken Fonder AB trimmed its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 578,884 shares of the company's stock after selling 77,458 shares during the quarter. Handelsbanken Fonder AB's holdings in Keurig Dr Pepper were worth $19,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in KDP. ST Germain D J Co. Inc. bought a new position in Keurig Dr Pepper in the 1st quarter worth approximately $27,000. New Age Alpha Advisors LLC grew its position in Keurig Dr Pepper by 82.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 859 shares of the company's stock valued at $28,000 after acquiring an additional 389 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Keurig Dr Pepper during the 4th quarter worth about $37,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Keurig Dr Pepper in the fourth quarter valued at approximately $42,000. Finally, LRI Investments LLC increased its holdings in Keurig Dr Pepper by 65.6% during the 4th quarter. LRI Investments LLC now owns 1,527 shares of the company's stock valued at $49,000 after purchasing an additional 605 shares in the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

NASDAQ:KDP traded up $0.28 during mid-day trading on Thursday, reaching $33.14. The stock had a trading volume of 8,453,810 shares, compared to its average volume of 10,805,686. The stock has a market capitalization of $45.01 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.42 and a beta of 0.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. Keurig Dr Pepper Inc. has a one year low of $30.12 and a one year high of $38.28. The firm has a 50 day moving average price of $33.92 and a two-hundred day moving average price of $33.07.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The company's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.78%. Keurig Dr Pepper's payout ratio is currently 83.64%.

Analyst Ratings Changes

KDP has been the topic of several analyst reports. Piper Sandler upgraded shares of Keurig Dr Pepper from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $35.00 to $40.00 in a report on Wednesday, April 9th. UBS Group raised their target price on shares of Keurig Dr Pepper from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Wells Fargo & Company reiterated an "overweight" rating on shares of Keurig Dr Pepper in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $42.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Finally, 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. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.33.

Insider Buying and Selling

In related news, Director Robert James Gamgort sold 208,000 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $33.96, for a total value of $7,063,680.00. Following the completion of the transaction, the director now owns 3,054,490 shares of the company's stock, valued at approximately $103,730,480.40. This represents a 6.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total value of $395,040.00. Following the transaction, the insider now directly owns 118,511 shares of the company's stock, valued at approximately $3,901,382.12. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 698,500 shares of company stock worth $23,591,400. 0.40% of the stock is owned by corporate insiders.

About Keurig Dr Pepper

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.