Handelsinvest Investeringsforvaltning Has $932,000 Stock Position in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Handelsinvest Investeringsforvaltning trimmed its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 30,386 shares of the company’s stock after selling 5,490 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Keurig Dr Pepper were worth $932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KDP. Capital World Investors grew its stake in Keurig Dr Pepper by 14.6% in the fourth quarter. Capital World Investors now owns 108,032,566 shares of the company’s stock valued at $3,599,652,000 after purchasing an additional 13,738,345 shares in the last quarter. Norges Bank purchased a new position in Keurig Dr Pepper in the fourth quarter valued at about $317,979,000. Vanguard Group Inc. grew its stake in Keurig Dr Pepper by 7.2% in the third quarter. Vanguard Group Inc. now owns 82,196,547 shares of the company’s stock valued at $2,594,945,000 after purchasing an additional 5,490,242 shares in the last quarter. Pathstone Holdings LLC purchased a new position in Keurig Dr Pepper in the fourth quarter valued at about $105,569,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Keurig Dr Pepper by 11.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,213,050 shares of the company’s stock valued at $506,899,000 after purchasing an additional 1,518,286 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of several recent analyst reports. Barclays upped their price target on Keurig Dr Pepper from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Wells Fargo & Company upped their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. TD Cowen upped their price target on Keurig Dr Pepper from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, UBS Group upped their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

Insider Transactions at Keurig Dr Pepper

In other news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Patrick Minogue sold 17,293 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $33.59, for a total value of $580,871.87. Following the completion of the transaction, the insider now directly owns 67,103 shares of the company’s stock, valued at approximately $2,253,989.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Roger Frederick Johnson sold 31,227 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,520 shares of company stock valued at $2,750,739. Corporate insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Trading Up 0.2 %

Keurig Dr Pepper stock opened at $32.83 on Wednesday. The business has a 50 day moving average price of $33.97 and a two-hundred day moving average price of $32.10. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52. The stock has a market cap of $44.50 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.52 and a beta of 0.62. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.00.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.215 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.86 annualized dividend and a yield of 2.62%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

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.