Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,013,362 shares of the company’s stock after selling 69,755 shares during the quarter. Keurig Dr Pepper makes up approximately 0.9% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 28th biggest position. E. Ohman J or Asset Management AB owned 0.07% of Keurig Dr Pepper worth $37,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Swedbank AB lifted its stake in Keurig Dr Pepper by 57.7% during the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock worth $27,504,000 after purchasing an additional 268,555 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Keurig Dr Pepper by 254.6% during the first quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock worth $2,941,000 after purchasing an additional 68,840 shares during the last quarter. Twin Tree Management LP purchased a new stake in Keurig Dr Pepper during the first quarter worth approximately $512,000. FORA Capital LLC purchased a new stake in Keurig Dr Pepper during the first quarter worth approximately $4,519,000. Finally, TCW Group Inc. lifted its stake in Keurig Dr Pepper by 5.9% during the second quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock worth $13,072,000 after purchasing an additional 21,726 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on Keurig Dr Pepper from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen boosted their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Finally, Barclays boosted their price objective on Keurig Dr Pepper from $37.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.21.

Keurig Dr Pepper Trading Down 4.8 %

NASDAQ:KDP opened at $34.94 on Friday. The stock’s 50 day simple moving average is $36.74 and its 200-day simple moving average is $34.59. Keurig Dr Pepper Inc. has a 12-month low of $28.61 and a 12-month high of $38.28. The firm has a market cap of $47.36 billion, a P/E ratio of 22.54, a PEG ratio of 2.73 and a beta of 0.62. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. Keurig Dr Pepper’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s dividend payout ratio is currently 59.35%.

About Keurig Dr Pepper

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.