Nordea Investment Management AB Grows Stock Holdings in Keurig Dr Pepper, Inc $KDP

Nordea Investment Management AB raised its position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,812 shares of the company's stock after buying an additional 12,794 shares during the quarter. Nordea Investment Management AB's holdings in Keurig Dr Pepper were worth $3,257,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KDP. Rise Advisors LLC purchased a new stake in shares of Keurig Dr Pepper during the first quarter valued at about $25,000. Chung Wu Investment Group LLC purchased a new position in shares of Keurig Dr Pepper in the 2nd quarter valued at approximately $26,000. WPG Advisers LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at approximately $43,000. Continuum Advisory LLC raised its position in shares of Keurig Dr Pepper by 82.5% in the 1st quarter. Continuum Advisory LLC now owns 1,332 shares of the company's stock valued at $46,000 after purchasing an additional 602 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at approximately $68,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Price Performance

Shares of NASDAQ:KDP opened at $27.67 on Wednesday. Keurig Dr Pepper, Inc has a twelve month low of $25.03 and a twelve month high of $36.99. The company's 50 day moving average is $28.46 and its 200 day moving average is $31.88. The company has a current ratio of 0.64, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56. The company has a market cap of $37.59 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.54 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.49 earnings per share for the quarter, hitting 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 company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the company earned $0.45 EPS. Keurig Dr Pepper's quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper's payout ratio is 82.14%.

Analyst Ratings Changes

Several equities analysts recently commented on KDP shares. Hsbc Global Res lowered shares of Keurig Dr Pepper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Keurig Dr Pepper from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price objective on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Keurig Dr Pepper in a research report on Wednesday, October 8th. Finally, HSBC reaffirmed a "hold" rating and issued a $30.00 price objective (down from $42.00) on shares of Keurig Dr Pepper in a research report on Tuesday, August 26th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.87.

Insider Buying and Selling at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 208,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $32.90, for a total transaction of $6,843,200.00. Following the completion of the transaction, the director directly owned 2,292,169 shares of the company's stock, valued at $75,412,360.10. The trade was a 8.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 423,601 shares of company stock worth $14,017,592. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper 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.

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