Forsta AP Fonden Acquires 32,600 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

Forsta AP Fonden increased its position in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 16.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,000 shares of the company’s stock after buying an additional 32,600 shares during the period. Forsta AP Fonden’s holdings in Keurig Dr Pepper were worth $8,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in Keurig Dr Pepper by 617.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 796 shares of the company’s stock valued at $27,000 after buying an additional 685 shares during the last quarter. Blue Trust Inc. boosted its stake in Keurig Dr Pepper by 312.1% during the second quarter. Blue Trust Inc. now owns 849 shares of the company’s stock valued at $26,000 after buying an additional 643 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Keurig Dr Pepper by 51.5% during the second quarter. Farmers & Merchants Investments Inc. now owns 886 shares of the company’s stock valued at $30,000 after buying an additional 301 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Keurig Dr Pepper by 105.6% during the third quarter. Hexagon Capital Partners LLC now owns 1,032 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Keurig Dr Pepper during the second quarter valued at approximately $35,000. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KDP shares. Royal Bank of Canada increased their price target on Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. dropped their price target on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wells Fargo & Company lowered their price objective on Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday. Finally, TD Cowen raised their price objective on Keurig Dr Pepper from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.50.

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $34.58 on Monday. Keurig Dr Pepper Inc. has a 52-week low of $28.61 and a 52-week high of $38.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51. The firm has a market capitalization of $46.88 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.73 and a beta of 0.62. The stock has a 50 day moving average price of $36.73 and a 200 day moving average price of $34.67.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $0.48 EPS. Keurig Dr Pepper’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict 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 issued a dividend of $0.23 per share. This is an increase from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, September 27th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 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.