Swedbank AB Has $23.99 Million Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Swedbank AB grew its holdings in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 747,002 shares of the company’s stock after buying an additional 13,179 shares during the quarter. Swedbank AB’s holdings in Keurig Dr Pepper were worth $23,994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pathstone Holdings LLC lifted its stake in Keurig Dr Pepper by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 3,256,000 shares of the company’s stock valued at $122,038,000 after acquiring an additional 22,657 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Keurig Dr Pepper by 7.1% during the third quarter. Franklin Resources Inc. now owns 622,252 shares of the company’s stock worth $22,806,000 after purchasing an additional 41,466 shares during the last quarter. LMR Partners LLP boosted its holdings in Keurig Dr Pepper by 55.5% during the third quarter. LMR Partners LLP now owns 521,000 shares of the company’s stock worth $19,527,000 after purchasing an additional 186,002 shares during the last quarter. Curi RMB Capital LLC increased its stake in Keurig Dr Pepper by 9.4% in the 3rd quarter. Curi RMB Capital LLC now owns 628,042 shares of the company’s stock valued at $23,539,000 after buying an additional 54,167 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its position in shares of Keurig Dr Pepper by 428.0% during the 3rd quarter. Qsemble Capital Management LP now owns 59,618 shares of the company’s stock worth $2,234,000 after buying an additional 48,326 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Stock Up 1.2 %

Shares of NASDAQ KDP opened at $32.24 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $43.73 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.19 and a beta of 0.62. Keurig Dr Pepper Inc. has a 52 week low of $28.61 and a 52 week high of $38.28. The business has a 50-day simple moving average of $32.12 and a two-hundred day simple moving average of $34.14.

Keurig Dr Pepper Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.85%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Analyst Ratings Changes

A number of brokerages have issued reports on KDP. TD Cowen reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Citigroup decreased their price objective on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their price target on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group reduced their price objective on Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

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.