Forsta AP Fonden lifted its position in Keurig Dr Pepper Inc. (NASDAQ:KDP – Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,200 shares of the company’s stock after purchasing an additional 18,200 shares during the period. Forsta AP Fonden’s holdings in Keurig Dr Pepper were worth $8,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in KDP. FMR LLC increased its holdings in Keurig Dr Pepper by 9.8% in 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 in the last quarter. State Street Corp increased its stake in shares of Keurig Dr Pepper by 10.9% in the 3rd quarter. State Street Corp now owns 50,609,224 shares of the company’s stock valued at $1,908,289,000 after purchasing an additional 4,970,467 shares in the last quarter. Geode Capital Management LLC raised its holdings in Keurig Dr Pepper by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 22,548,844 shares of the company’s stock worth $841,886,000 after purchasing an additional 591,316 shares during the period. Allspring Global Investments Holdings LLC boosted its position in 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 worth $574,146,000 after purchasing an additional 730,297 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Keurig Dr Pepper by 2.6% in 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 period. 93.99% of the stock is owned by hedge funds and other institutional investors.
Keurig Dr Pepper Price Performance
NASDAQ:KDP opened at $32.24 on Friday. Keurig Dr Pepper Inc. has a one year low of $28.61 and a one year high of $38.28. The stock has a market cap of $43.73 billion, a PE ratio of 19.54, a P/E/G ratio of 2.19 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.36 and a current ratio of 0.53. The stock has a 50 day moving average price of $32.12 and a 200 day moving average price of $34.14.
Keurig Dr Pepper Announces Dividend
Analyst Ratings Changes
KDP has been the subject of several research analyst reports. Barclays reduced their target price on Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Keurig Dr Pepper from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $39.00 in a research report on Thursday, December 12th. TD Cowen cut their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, UBS Group decreased their price target on shares of Keurig Dr Pepper from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.
View Our Latest Analysis on KDP
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.
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