National Pension Service Boosts Stock Position in Keurig Dr Pepper, Inc $KDP

National Pension Service lifted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,972,703 shares of the company’s stock after acquiring an additional 35,459 shares during the quarter. National Pension Service’s holdings in Keurig Dr Pepper were worth $65,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi boosted its stake in shares of Keurig Dr Pepper by 7.7% in the first quarter. Amundi now owns 4,404,145 shares of the company’s stock worth $156,920,000 after acquiring an additional 315,290 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in Keurig Dr Pepper by 61.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 60,630 shares of the company’s stock valued at $2,075,000 after purchasing an additional 23,167 shares during the period. Truist Financial Corp lifted its holdings in Keurig Dr Pepper by 15.2% in the 2nd quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock worth $9,987,000 after purchasing an additional 39,916 shares in the last quarter. LBP AM SA boosted its stake in Keurig Dr Pepper by 1,772.6% in the 2nd quarter. LBP AM SA now owns 549,178 shares of the company’s stock worth $18,156,000 after purchasing an additional 519,851 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in Keurig Dr Pepper by 9.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 152,411 shares of the company’s stock valued at $5,038,000 after buying an additional 12,530 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KDP shares. BNP Paribas lowered shares of Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research report on Monday, September 22nd. Jefferies Financial Group set a $41.00 price objective on shares of Keurig Dr Pepper in a report on Monday, August 25th. Bank of America cut their price objective on Keurig Dr Pepper from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. UBS Group reissued a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research note on Tuesday, October 28th. Finally, HSBC reaffirmed a “hold” rating and issued a $30.00 price objective (down previously from $42.00) on shares of Keurig Dr Pepper in a research note on Tuesday, August 26th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.27.

Insiders Place Their Bets

In other news, Director Robert James Gamgort sold 7,601 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.91, for a total value of $272,951.91. Following the sale, the director owned 2,284,568 shares of the company’s stock, valued at approximately $82,038,836.88. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

Keurig Dr Pepper Trading Up 0.4%

KDP opened at $27.00 on Friday. The stock has a 50-day moving average of $26.80 and a 200 day moving average of $30.97. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper, Inc has a 12 month low of $25.03 and a 12 month high of $36.12. The firm has a market cap of $36.68 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.75 and a beta of 0.43.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.15 billion. Keurig Dr Pepper had a return on equity of 11.19% and a net margin of 9.78%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. As a group, research analysts forecast that Keurig Dr Pepper, Inc will post 1.92 EPS 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 paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, September 26th. Keurig Dr Pepper’s payout ratio is presently 79.31%.

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.