Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 368,250 shares of the company’s stock after selling 97,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Keurig Dr Pepper were worth $11,828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in Keurig Dr Pepper by 9.8% in the 3rd quarter. FMR LLC now owns 102,183,144 shares of the company’s stock worth $3,829,824,000 after purchasing an additional 9,105,164 shares in the last quarter. State Street Corp grew its holdings in Keurig Dr Pepper by 10.9% during the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after buying an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Keurig Dr Pepper by 2.7% during the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after buying an additional 591,316 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,378,207 shares of the company’s stock worth $488,463,000 after buying an additional 59,464 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Keurig Dr Pepper by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,007,549 shares of the company’s stock worth $225,163,000 after acquiring an additional 150,202 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 2.7 %

Shares of KDP opened at $34.04 on Monday. The company’s fifty day simple moving average is $31.80 and its 200-day simple moving average is $33.94. The company has a market cap of $46.17 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.42 and a beta of 0.61. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. Keurig Dr Pepper Inc. has a twelve month low of $28.61 and a twelve month high of $38.28.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Friday, March 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 55.76%.

Analysts Set New Price Targets

Several brokerages have commented on KDP. Barclays decreased their price target on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group decreased their target price on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. TD Cowen cut their price target on Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Keurig Dr Pepper from a “hold” rating to a “buy” rating and increased their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $37.50.

View Our Latest Research Report on KDP

Insiders Place Their Bets

In other Keurig Dr Pepper news, major shareholder Bevco B.V. Jab acquired 3,619,600 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $33.34 per share, with a total value of $120,677,464.00. Following the transaction, the insider now directly owns 218,063,479 shares of the company’s stock, valued at $7,270,236,389.86. The trade was a 1.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by insiders.

Keurig Dr Pepper Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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