E. Ohman J or Asset Management AB Sells 961,612 Shares of Keurig Dr Pepper Inc. (NASDAQ:KDP)

E. Ohman J or Asset Management AB cut its stake in Keurig Dr Pepper Inc. (NASDAQ:KDP) by 94.9% in the 4th quarter, Holdings Channel reports. The firm owned 51,750 shares of the company’s stock after selling 961,612 shares during the period. E. Ohman J or Asset Management AB’s holdings in Keurig Dr Pepper were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KDP. FMR LLC lifted its position in Keurig Dr Pepper by 9.8% during the third quarter. FMR LLC now owns 102,183,144 shares of the company’s stock valued at $3,829,824,000 after buying an additional 9,105,164 shares during the period. State Street Corp grew its holdings in Keurig Dr Pepper by 10.9% in the third quarter. State Street Corp now owns 50,609,224 shares of the company’s stock worth $1,908,289,000 after purchasing an additional 4,970,467 shares during the period. Geode Capital Management LLC increased its stake in shares of Keurig Dr Pepper by 2.7% during the third quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock valued at $841,886,000 after purchasing an additional 591,316 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Keurig Dr Pepper by 5.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,318,743 shares of the company’s stock valued at $574,146,000 after purchasing an additional 730,297 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Keurig Dr Pepper by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,007,549 shares of the company’s stock valued at $225,163,000 after purchasing an additional 150,202 shares during the last quarter. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.28 on Wednesday. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The business has a fifty day moving average of $32.10 and a 200 day moving average of $34.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.53 and a quick ratio of 0.36. The firm has a market capitalization of $42.43 billion, a P/E ratio of 18.96, a PEG ratio of 2.24 and a beta of 0.61.

Keurig Dr Pepper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, January 3rd. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 55.76%.

Wall Street Analyst Weigh In

KDP has been the subject of a number of analyst reports. Barclays reduced their price objective on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group lowered their price target on Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Keurig Dr Pepper from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Citigroup reduced their price target on shares of Keurig Dr Pepper from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.50.

Insider Buying and Selling

In related news, major shareholder Bevco B.V. Jab bought 3,619,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $33.34 per share, with a total value of $120,677,464.00. Following the acquisition, the insider now owns 218,063,479 shares in the company, valued at $7,270,236,389.86. This trade represents a 1.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

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.