Skandinaviska Enskilda Banken AB publ Boosts Stake in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Skandinaviska Enskilda Banken AB publ grew its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 0.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 212,579 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Keurig Dr Pepper were worth $7,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in shares of Keurig Dr Pepper by 254.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 95,877 shares of the company’s stock worth $2,941,000 after acquiring an additional 68,840 shares during the period. Franklin Resources Inc. grew its stake in shares of Keurig Dr Pepper by 608.0% in the 4th quarter. Franklin Resources Inc. now owns 813,578 shares of the company’s stock worth $27,108,000 after buying an additional 698,665 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $512,000. Confluence Investment Management LLC purchased a new stake in shares of Keurig Dr Pepper in the 1st quarter worth approximately $11,375,000. Finally, PBCay One RSC Ltd purchased a new stake in shares of Keurig Dr Pepper in the 4th quarter worth approximately $1,543,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $37.46 on Friday. The business’s fifty day moving average price is $35.37 and its 200-day moving average price is $33.44. The stock has a market capitalization of $50.78 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.79 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 1-year low of $27.66 and a 1-year high of $37.84.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. Keurig Dr Pepper’s payout ratio is currently 59.35%.

Analyst Ratings Changes

Several analysts recently weighed in on KDP shares. JPMorgan Chase & Co. cut their price target on Keurig Dr Pepper from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Royal Bank of Canada restated an “outperform” rating and issued a $41.00 price target on shares of Keurig Dr Pepper in a research note on Friday, July 26th. Barclays cut their price target on Keurig Dr Pepper from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Truist Financial raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and upped their price objective for the company from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Keurig Dr Pepper has an average rating of “Moderate Buy” and a consensus target price of $36.50.

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.