Forsta AP Fonden reduced its holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,400 shares of the company’s stock after selling 29,700 shares during the period. Forsta AP Fonden’s holdings in Keurig Dr Pepper were worth $5,165,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Keurig Dr Pepper during the fourth quarter worth about $33,000. Resurgent Financial Advisors LLC bought a new stake in shares of Keurig Dr Pepper during the 4th quarter worth approximately $34,000. Kepos Capital LP acquired a new stake in shares of Keurig Dr Pepper in the 4th quarter valued at approximately $35,000. Ronald Blue Trust Inc. grew its stake in shares of Keurig Dr Pepper by 94.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,013 shares of the company’s stock valued at $36,000 after buying an additional 491 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in Keurig Dr Pepper during the fourth quarter worth $36,000. 52.29% of the stock is owned by institutional investors.
Insider Activity
In related news, insider Matthew Andrew Archambault sold 14,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $32.39, for a total value of $453,460.00. Following the transaction, the insider now owns 40,878 shares in the company, valued at $1,324,038.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Maria A. Sceppaguercio-Gever sold 10,000 shares of Keurig Dr Pepper stock in a transaction on Friday, May 5th. The stock was sold at an average price of $33.00, for a total value of $330,000.00. Following the transaction, the insider now owns 151,555 shares in the company, valued at approximately $5,001,315. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Andrew Archambault sold 14,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $32.39, for a total value of $453,460.00. Following the completion of the sale, the insider now directly owns 40,878 shares in the company, valued at $1,324,038.42. The disclosure for this sale can be found here. In the last three months, insiders sold 34,000 shares of company stock worth $1,112,260. 0.81% of the stock is currently owned by company insiders.
Keurig Dr Pepper Price Performance
Keurig Dr Pepper (NASDAQ:KDP – Free Report) last announced its earnings results on Thursday, April 27th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Keurig Dr Pepper had a net margin of 9.20% and a return on equity of 9.52%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Keurig Dr Pepper Inc. will post 1.78 earnings per share for the current year.
Keurig Dr Pepper Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.80 annualized dividend and a yield of 2.52%. Keurig Dr Pepper’s dividend payout ratio is presently 86.02%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Keurig Dr Pepper from $42.00 to $37.00 in a research report on Friday, April 28th. JPMorgan Chase & Co. upped their price objective on Keurig Dr Pepper from $40.00 to $41.00 in a research note on Tuesday, April 18th. StockNews.com raised Keurig Dr Pepper from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Deutsche Bank Aktiengesellschaft decreased their target price on Keurig Dr Pepper from $36.00 to $35.00 in a report on Friday, April 28th. Finally, Morgan Stanley raised Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and set a $37.00 price target for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.50.
Keurig Dr Pepper Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment manufactures and distributes various finished goods related to its coffee systems, K-Cup pods, and brewers, as well as specialty coffee.
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