Swedbank AB Buys 177,066 Shares of Keurig Dr Pepper, Inc $KDP

Key Points

• Swedbank AB increased its holdings in Keurig Dr Pepper by 23% in Q2, owning approximately $31 million worth of shares after purchasing an additional 177,066 shares.
• Keurig Dr Pepper reported quarterly earnings of $0.49 EPS and revenues of $4.16 billion, beating analyst expectations of $4.14 billion.
• The company recently announced a quarterly dividend of $0.23 per share, representing an annual yield of 3.4%, with a payout ratio of 82.14%.

Swedbank AB grew its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 23.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 945,894 shares of the company's stock after purchasing an additional 177,066 shares during the period. Swedbank AB owned approximately 0.07% of Keurig Dr Pepper worth $31,271,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KDP. Vanguard Group Inc. increased its holdings in shares of Keurig Dr Pepper by 21.3% during the first quarter. Vanguard Group Inc. now owns 145,012,806 shares of the company's stock valued at $4,962,338,000 after purchasing an additional 25,425,644 shares during the period. JPMorgan Chase & Co. boosted its stake in Keurig Dr Pepper by 108.1% during the first quarter. JPMorgan Chase & Co. now owns 38,882,672 shares of the company's stock valued at $1,330,565,000 after buying an additional 20,196,835 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Keurig Dr Pepper by 981.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,514,608 shares of the company's stock valued at $86,050,000 after buying an additional 2,282,050 shares in the last quarter. Seven Grand Managers LLC bought a new position in Keurig Dr Pepper during the first quarter valued at about $51,330,000. Finally, Armistice Capital LLC bought a new position in Keurig Dr Pepper during the first quarter valued at about $37,632,000. 93.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert James Gamgort sold 7,601 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total transaction of $272,951.91. Following the sale, the director owned 2,284,568 shares of the company's stock, valued at approximately $82,038,836.88. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred 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 sale, the insider directly owned 82,511 shares in the company, valued at $2,777,320.26. The trade was a 12.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 447,601 shares of company stock worth $14,825,192 in the last ninety days. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KDP. Citigroup decreased their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 26th. HSBC reiterated a "hold" rating and issued a $30.00 price target (down previously from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. UBS Group decreased their price target on Keurig Dr Pepper from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, August 27th. Finally, Piper Sandler decreased their price target on Keurig Dr Pepper from $40.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.77.

Keurig Dr Pepper Stock Performance

Shares of KDP stock traded down $0.09 during trading on Friday, reaching $27.11. The company had a trading volume of 26,587,803 shares, compared to its average volume of 25,551,498. The firm's 50 day simple moving average is $31.68 and its two-hundred day simple moving average is $33.04. 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 one year low of $26.58 and a one year high of $38.28. The company has a market capitalization of $36.83 billion, a PE ratio of 24.21, a PEG ratio of 1.49 and a beta of 0.47.

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

Keurig Dr Pepper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. Keurig Dr Pepper's dividend payout ratio (DPR) is 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.