Handelsbanken Fonder AB Has $17.92 Million Stock Position in Keurig Dr Pepper, Inc $KDP

Handelsbanken Fonder AB lowered its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 639,688 shares of the company’s stock after selling 18,748 shares during the quarter. Handelsbanken Fonder AB’s holdings in Keurig Dr Pepper were worth $17,918,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Keurig Dr Pepper in the third quarter valued at $26,000. Salomon & Ludwin LLC bought a new stake in Keurig Dr Pepper during the fourth quarter worth $26,000. Clearstead Trust LLC lifted its stake in Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock valued at $28,000 after acquiring an additional 536 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 484 shares during the last quarter. Finally, Activest Wealth Management grew its position in shares of Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after acquiring an additional 1,072 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ:KDP opened at $28.69 on Thursday. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $27.34 and its two-hundred day moving average price is $27.84. The firm has a market capitalization of $39.03 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.32 and a beta of 0.41. Keurig Dr Pepper, Inc has a 12-month low of $24.88 and a 12-month high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.51% and a net margin of 10.81%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, analysts anticipate that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Barclays upped their price objective on Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, April 27th. Wells Fargo & Company dropped their price objective on Keurig Dr Pepper from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Keurig Dr Pepper from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Keurig Dr Pepper has a consensus rating of “Hold” and a consensus target price of $31.57.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.