New York State Teachers Retirement System Raises Stock Holdings in Keurig Dr Pepper, Inc $KDP

New York State Teachers Retirement System lifted its position in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 818,789 shares of the company’s stock after purchasing an additional 42,940 shares during the quarter. New York State Teachers Retirement System owned about 0.06% of Keurig Dr Pepper worth $20,887,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Asset Dedication LLC lifted its stake in Keurig Dr Pepper by 3.8% during the 2nd quarter. Asset Dedication LLC now owns 7,922 shares of the company’s stock valued at $262,000 after acquiring an additional 288 shares during the period. Croban raised its holdings in shares of Keurig Dr Pepper by 0.9% during the second quarter. Croban now owns 31,849 shares of the company’s stock worth $1,053,000 after purchasing an additional 294 shares during the last quarter. Auxier Asset Management raised its holdings in shares of Keurig Dr Pepper by 0.4% during the second quarter. Auxier Asset Management now owns 72,163 shares of the company’s stock worth $2,386,000 after purchasing an additional 318 shares during the last quarter. Private Trust Co. NA lifted its position in Keurig Dr Pepper by 26.4% during the second quarter. Private Trust Co. NA now owns 1,624 shares of the company’s stock valued at $54,000 after purchasing an additional 339 shares during the period. Finally, NewSquare Capital LLC boosted its holdings in Keurig Dr Pepper by 94.1% in the second quarter. NewSquare Capital LLC now owns 796 shares of the company’s stock valued at $26,000 after purchasing an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Keurig Dr Pepper Trading Down 0.3%

Shares of KDP stock opened at $27.70 on Tuesday. Keurig Dr Pepper, Inc has a 1-year low of $25.03 and a 1-year high of $36.12. The company has a market cap of $37.63 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.91 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.62 and a quick ratio of 0.38. The stock has a 50 day simple moving average of $27.78 and a 200-day simple moving average of $29.35.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate 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 firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities research analysts expect that Keurig Dr Pepper, Inc will post 1.92 EPS for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, January 2nd. Keurig Dr Pepper’s dividend payout ratio is 79.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BNP Paribas Exane lowered Keurig Dr Pepper from a “neutral” rating to an “underperform” rating in a research note on Monday, September 22nd. Jefferies Financial Group cut Keurig Dr Pepper from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $32.00 in a research report on Tuesday, December 16th. UBS Group reissued a “buy” rating and issued a $35.00 price target on shares of Keurig Dr Pepper in a report on Tuesday, October 28th. Piper Sandler raised their price objective on shares of Keurig Dr Pepper from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Keurig Dr Pepper from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.87.

Insider Transactions at Keurig Dr Pepper

In other Keurig Dr Pepper news, VP Angela A. Stephens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares in the company, valued at approximately $1,599,984. The trade was a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.