Keurig Dr Pepper, Inc $KDP Shares Sold by DNB Asset Management AS

DNB Asset Management AS reduced its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 418,214 shares of the company’s stock after selling 39,570 shares during the quarter. DNB Asset Management AS’s holdings in Keurig Dr Pepper were worth $13,826,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Croban lifted its holdings in shares of Keurig Dr Pepper by 0.9% during the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after purchasing an additional 294 shares during the period. Private Trust Co. NA lifted its stake in shares of Keurig Dr Pepper by 26.4% in the 2nd quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock worth $54,000 after acquiring an additional 339 shares during the period. Commerce Bank boosted its holdings in shares of Keurig Dr Pepper by 1.6% in the first quarter. Commerce Bank now owns 21,513 shares of the company’s stock valued at $736,000 after acquiring an additional 340 shares in the last quarter. NewSquare Capital LLC boosted its holdings in shares of Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after acquiring an additional 386 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of Keurig Dr Pepper by 3.5% during the second quarter. Raleigh Capital Management Inc. now owns 11,617 shares of the company’s stock worth $384,000 after acquiring an additional 395 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. UBS Group restated a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Barclays upped their price objective on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 28th. TD Cowen reduced their target price on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, BNP Paribas Exane cut shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Ten research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Keurig Dr Pepper presently has a consensus rating of “Hold” and a consensus price target of $35.27.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $27.74 on Friday. The business has a 50 day moving average price of $26.74 and a 200 day moving average price of $30.65. The company has a market capitalization of $37.69 billion, a P/E ratio of 23.91, a PEG ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its earnings results on Monday, October 27th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.Keurig Dr Pepper’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 earnings per share. Sell-side analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.23 per share. The ex-dividend date was Friday, September 26th. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.