Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Keurig Dr Pepper Inc. (NASDAQ:KDP)

Mn Services Vermogensbeheer B.V. lessened its stake in shares of Keurig Dr Pepper Inc. (NASDAQ:KDP) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 402,100 shares of the company’s stock after selling 10,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Keurig Dr Pepper were worth $15,071,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Swedbank AB increased its stake in Keurig Dr Pepper by 57.7% in the third quarter. Swedbank AB now owns 733,823 shares of the company’s stock valued at $27,504,000 after purchasing an additional 268,555 shares during the period. Twin Tree Management LP purchased a new position in shares of Keurig Dr Pepper in the first quarter valued at $512,000. TCW Group Inc. lifted its holdings in shares of Keurig Dr Pepper by 5.9% in the second quarter. TCW Group Inc. now owns 391,379 shares of the company’s stock valued at $13,072,000 after purchasing an additional 21,726 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Keurig Dr Pepper during the 2nd quarter valued at $275,000. Finally, Janus Henderson Group PLC raised its stake in Keurig Dr Pepper by 41.0% in the 1st quarter. Janus Henderson Group PLC now owns 182,089 shares of the company’s stock valued at $5,584,000 after purchasing an additional 52,914 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on KDP. JPMorgan Chase & Co. reduced their target price on Keurig Dr Pepper from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of Keurig Dr Pepper from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Evercore ISI raised Keurig Dr Pepper to a “hold” rating in a report on Thursday, September 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.36.

Insider Buying and Selling

In other news, major shareholder Bevco B.V. Jab sold 69,000,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $32.65, for a total value of $2,252,850,000.00. Following the transaction, the insider now owns 214,443,879 shares of the company’s stock, valued at $7,001,592,649.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Keurig Dr Pepper Stock Down 0.4 %

Shares of Keurig Dr Pepper stock opened at $32.68 on Tuesday. Keurig Dr Pepper Inc. has a 1 year low of $28.61 and a 1 year high of $38.28. The company has a market cap of $44.33 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.55 and a beta of 0.63. The company has a current ratio of 0.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $36.40 and a 200 day moving average price of $34.77.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a net margin of 15.04% and a return on equity of 10.45%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. As a group, analysts expect that Keurig Dr Pepper Inc. will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.23 dividend. This is a boost from Keurig Dr Pepper’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 27th. This represents a $0.92 annualized dividend and a dividend yield of 2.82%. Keurig Dr Pepper’s payout ratio is presently 55.76%.

Keurig Dr Pepper 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.