Danica Pension Livsforsikringsaktieselskab Takes Position in Keurig Dr Pepper, Inc $KDP

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 314,396 shares of the company’s stock, valued at approximately $8,278,000.

A number of other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Keurig Dr Pepper by 290.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 52,646 shares of the company’s stock valued at $1,475,000 after purchasing an additional 39,156 shares in the last quarter. Merit Financial Group LLC grew its stake in Keurig Dr Pepper by 194.6% in the fourth quarter. Merit Financial Group LLC now owns 87,054 shares of the company’s stock worth $2,438,000 after purchasing an additional 57,500 shares during the period. PNC Financial Services Group Inc. raised its holdings in Keurig Dr Pepper by 47.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 179,570 shares of the company’s stock worth $5,030,000 after purchasing an additional 57,797 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Keurig Dr Pepper by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,552,636 shares of the company’s stock worth $43,489,000 after purchasing an additional 47,184 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its position in Keurig Dr Pepper by 31.8% during the fourth quarter. Sendero Wealth Management LLC now owns 318,802 shares of the company’s stock valued at $8,930,000 after buying an additional 76,886 shares during the period. 93.99% of the stock is owned by institutional investors.

Keurig Dr Pepper Trading Down 0.0%

NASDAQ KDP opened at $30.20 on Thursday. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94. The stock has a market cap of $41.09 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.38 and a beta of 0.40. The stock’s fifty day moving average price is $30.87 and its 200-day moving average price is $28.89. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. As a group, equities analysts forecast that Keurig Dr Pepper, Inc will post 2.29 EPS for the current fiscal year.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.92 annualized dividend and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 68.15%.

Analyst Ratings Changes

A number of brokerages have recently commented on KDP. Zacks Research cut shares of Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company set a $37.00 price target on shares of Keurig Dr Pepper in a research note on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price target on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. The Goldman Sachs Group raised shares of Keurig Dr Pepper from a “neutral” rating to a “neutral” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Keurig Dr Pepper has an average rating of “Hold” and a consensus price target of $33.07.

Keurig Dr Pepper 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.