Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB decreased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,013,362 shares of the company’s stock after selling 69,755 shares during the period. Keurig Dr Pepper comprises approximately 0.9% of E. Ohman J or Asset Management AB’s portfolio, making the stock its 28th biggest holding. E. Ohman J or Asset Management AB’s holdings in Keurig Dr Pepper were worth $37,981,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KDP. Hennessy Advisors Inc. acquired a new stake in Keurig Dr Pepper in the first quarter valued at $5,011,000. State of Michigan Retirement System lifted its position in shares of Keurig Dr Pepper by 3.6% in the first quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock valued at $8,753,000 after acquiring an additional 9,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Keurig Dr Pepper by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,084,471 shares of the company’s stock valued at $94,601,000 after acquiring an additional 9,674 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Keurig Dr Pepper in the first quarter valued at $1,315,000. Finally, Maryland State Retirement & Pension System lifted its position in shares of Keurig Dr Pepper by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 74,810 shares of the company’s stock valued at $2,297,000 after acquiring an additional 2,023 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $43.00 in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price objective on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Barclays increased their target price on Keurig Dr Pepper from $37.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock opened at $34.94 on Friday. The stock’s 50-day moving average is $36.74 and its 200-day moving average is $34.59. The company has a market cap of $47.36 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.73 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.51 and a quick ratio of 0.34. Keurig Dr Pepper Inc. has a 12 month low of $28.61 and a 12 month high of $38.28.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.92 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. Equities analysts anticipate that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.23 dividend. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.92 annualized dividend and a yield of 2.63%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Keurig Dr Pepper Company 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.