Handelsbanken Fonder AB Sells 77,458 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Handelsbanken Fonder AB lowered its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 11.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 578,884 shares of the company’s stock after selling 77,458 shares during the quarter. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $19,809,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KDP. SG Americas Securities LLC grew its position in Keurig Dr Pepper by 1,553.0% in the first quarter. SG Americas Securities LLC now owns 334,034 shares of the company’s stock worth $11,431,000 after acquiring an additional 313,826 shares in the last quarter. GAMMA Investing LLC grew its position in Keurig Dr Pepper by 23.2% in the first quarter. GAMMA Investing LLC now owns 9,963 shares of the company’s stock worth $341,000 after acquiring an additional 1,879 shares in the last quarter. Yousif Capital Management LLC grew its position in Keurig Dr Pepper by 4.5% in the first quarter. Yousif Capital Management LLC now owns 150,933 shares of the company’s stock worth $5,165,000 after acquiring an additional 6,525 shares in the last quarter. Farther Finance Advisors LLC grew its position in Keurig Dr Pepper by 122.1% in the first quarter. Farther Finance Advisors LLC now owns 8,771 shares of the company’s stock worth $307,000 after acquiring an additional 4,822 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Keurig Dr Pepper in the first quarter worth $251,000. Institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling at Keurig Dr Pepper

In other news, insider Mary Beth Denooyer sold 12,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $32.92, for a total transaction of $395,040.00. Following the sale, the insider now owns 118,511 shares in the company, valued at $3,901,382.12. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert James Gamgort sold 208,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $34.12, for a total transaction of $7,096,960.00. Following the sale, the director now owns 2,846,490 shares in the company, valued at approximately $97,122,238.80. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 698,500 shares of company stock valued at $23,591,400. Corporate insiders own 0.40% of the company’s stock.

Keurig Dr Pepper Price Performance

KDP stock opened at $32.86 on Thursday. Keurig Dr Pepper Inc. has a 1 year low of $30.12 and a 1 year high of $38.28. The company has a market cap of $44.63 billion, a P/E ratio of 19.92, a PEG ratio of 2.42 and a beta of 0.48. The firm has a 50-day moving average of $33.92 and a 200 day moving average of $33.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. Keurig Dr Pepper’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Keurig Dr Pepper Inc. will post 1.92 EPS for the current year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, June 27th. Keurig Dr Pepper’s dividend payout ratio is 83.64%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KDP. Royal Bank of Canada reiterated an “outperform” rating and issued a $42.00 target price on shares of Keurig Dr Pepper in a research report on Tuesday, April 22nd. Hsbc Global Res upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Morgan Stanley upgraded shares of Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $40.00 in a research report on Tuesday, April 1st. HSBC upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Friday, April 25th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Keurig Dr Pepper in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

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.