Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,386 shares of the company’s stock after selling 5,490 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Keurig Dr Pepper were worth $932,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KDP. State of Michigan Retirement System grew its stake in shares of Keurig Dr Pepper by 3.6% in the 1st quarter. State of Michigan Retirement System now owns 285,400 shares of the company’s stock valued at $8,753,000 after purchasing an additional 9,800 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at approximately $5,011,000. Ballentine Partners LLC grew its stake in shares of Keurig Dr Pepper by 9.1% in the 1st quarter. Ballentine Partners LLC now owns 15,381 shares of the company’s stock valued at $472,000 after purchasing an additional 1,281 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Keurig Dr Pepper by 1.0% in the 1st quarter. Gulf International Bank UK Ltd now owns 98,435 shares of the company’s stock valued at $3,019,000 after purchasing an additional 950 shares during the last quarter. Finally, Legacy Financial Group LLC purchased a new position in shares of Keurig Dr Pepper in the 1st quarter valued at approximately $264,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Keurig Dr Pepper

In related news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Matthew Andrew Archambault sold 8,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $34.19, for a total value of $273,520.00. Following the completion of the transaction, the insider now directly owns 12,565 shares in the company, valued at $429,597.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger Frederick Johnson sold 31,227 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.82, for a total value of $1,056,097.14. Following the completion of the transaction, the insider now owns 100,000 shares of the company’s stock, valued at $3,382,000. The disclosure for this sale can be found here. Insiders sold a total of 81,520 shares of company stock valued at $2,750,739 over the last three months. 1.00% of the stock is currently owned by insiders.

Keurig Dr Pepper Stock Performance

NASDAQ KDP opened at $32.83 on Wednesday. Keurig Dr Pepper Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $35.00. The stock has a market cap of $44.50 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 2.52 and a beta of 0.62. The business has a fifty day moving average of $33.97 and a 200-day moving average of $32.10. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.52.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Keurig Dr Pepper had a return on equity of 10.18% and a net margin of 14.52%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts predict that Keurig Dr Pepper Inc. will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.215 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.62%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 55.48%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lifted their target price on Keurig Dr Pepper from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Jefferies Financial Group decreased their price target on Keurig Dr Pepper from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Truist Financial upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and lifted their price target for the company from $27.00 to $34.00 in a research note on Monday, June 17th. UBS Group lifted their price target on Keurig Dr Pepper from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Wells Fargo & Company lifted their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average price target of $36.57.

About Keurig Dr Pepper

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.