Keurig Dr Pepper, Inc $KDP Shares Bought by Strs Ohio

Strs Ohio lifted its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 16.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 372,302 shares of the company’s stock after acquiring an additional 52,644 shares during the period. Strs Ohio’s holdings in Keurig Dr Pepper were worth $12,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. grew its stake in shares of Keurig Dr Pepper by 27.1% in the first quarter. Mather Group LLC. now owns 2,049 shares of the company’s stock worth $70,000 after purchasing an additional 437 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Keurig Dr Pepper by 8.5% in the first quarter. Principal Financial Group Inc. now owns 1,423,050 shares of the company’s stock worth $48,697,000 after purchasing an additional 111,911 shares during the period. Checchi Capital Advisers LLC grew its position in Keurig Dr Pepper by 11.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 9,485 shares of the company’s stock valued at $325,000 after buying an additional 996 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in Keurig Dr Pepper during the 1st quarter valued at about $210,000. Finally, IFM Investors Pty Ltd raised its position in shares of Keurig Dr Pepper by 2.4% during the 1st quarter. IFM Investors Pty Ltd now owns 278,682 shares of the company’s stock worth $10,445,000 after buying an additional 6,592 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Wall Street Analyst Weigh In

KDP has been the subject of a number of research reports. TD Cowen decreased their price target on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. BNP Paribas Exane cut Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Citigroup lowered their target price on Keurig Dr Pepper from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, September 16th. HSBC reissued a “hold” rating and issued a $30.00 price target (down from $42.00) on shares of Keurig Dr Pepper in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Ten equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.27.

Keurig Dr Pepper Trading Down 1.9%

NASDAQ:KDP opened at $27.16 on Friday. The stock has a fifty day simple moving average of $27.31 and a 200 day simple moving average of $31.48. The firm has a market capitalization of $36.90 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a quick ratio of 0.40, a current ratio of 0.62 and a debt-to-equity ratio of 0.53.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a net margin of 9.78% and a return on equity of 11.19%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts forecast that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, September 26th. Keurig Dr Pepper’s payout ratio is presently 79.31%.

Insider Transactions at Keurig Dr Pepper

In other news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.91, for a total value of $272,951.91. Following the completion of the sale, the director owned 2,284,568 shares in the company, valued at $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

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.