Nykredit A S Buys Shares of 254,831 Keurig Dr Pepper, Inc $KDP

Key Points

• Nykredit A/S purchased 254,831 shares of Keurig Dr Pepper in the second quarter, valued at approximately $8.34 million. Institutional investors and hedge funds collectively own 93.99% of the company.
• Keurig Dr Pepper exceeded quarterly expectations, reporting $0.57 EPS versus the $0.54 consensus estimate and $7.31 billion in revenue, up 75.6% year over year.
• The company declared a quarterly dividend of $0.23 per share, representing a 3.0% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.

Nykredit A S purchased a new position in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 254,831 shares of the company's stock, valued at approximately $8,341,000.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Keurig Dr Pepper by 290.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company's stock valued at $1,475,000 after purchasing an additional 39,156 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Keurig Dr Pepper by 47.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company's stock valued at $5,030,000 after purchasing an additional 57,797 shares in the last quarter. Fidelity National Financial Inc. bought a new stake in shares of Keurig Dr Pepper in the fourth quarter worth $15,349,000. Anchor Capital Advisors LLC raised its stake in shares of Keurig Dr Pepper by 13.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 1,297,998 shares of the company's stock valued at $36,357,000 after purchasing an additional 157,438 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Keurig Dr Pepper in the second quarter valued at about $269,336,000. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Keurig Dr Pepper Price Performance

Shares of NASDAQ KDP opened at $30.62 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.48 and a quick ratio of 0.28. The firm has a market capitalization of $41.67 billion, a PE ratio of 30.93, a P/E/G ratio of 1.46 and a beta of 0.40. Keurig Dr Pepper, Inc has a 1-year low of $24.88 and a 1-year high of $33.82. The business's fifty day moving average price is $31.17 and its two-hundred day moving average price is $29.74.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The company's revenue for the quarter was up 75.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, research analysts expect that Keurig Dr Pepper, Inc will post 2.3 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, September 28th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, September 28th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper's payout ratio is currently 92.93%.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $32.55, for a total value of $390,600.00. Following the transaction, the insider owned 84,171 shares in the company, valued at approximately $2,739,766.05. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Aaron E. Alt purchased 7,862 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $31.83 per share, for a total transaction of $250,247.46. Following the purchase, the director directly owned 7,862 shares in the company, valued at $250,247.46. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Keurig Dr Pepper in a research report on Friday, August 7th. HSBC raised shares of Keurig Dr Pepper from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a report on Thursday, August 13th. Barclays increased their target price on shares of Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Royal Bank Of Canada reiterated an "outperform" rating and set a $42.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, August 4th. Finally, Argus reissued a "buy" rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a report on Tuesday, September 15th. Twelve research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Keurig Dr Pepper has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc NASDAQ: KDP is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott's, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.