Keurig Dr Pepper, Inc $KDP Shares Sold by State of Wyoming

Posted by Brian Himes on Aug 3rd, 2026

State of Wyoming decreased its holdings in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP – Free Report) by 88.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,465 shares of the company’s stock after selling 26,187 shares during the quarter. State of Wyoming’s holdings in Keurig Dr Pepper were worth $91,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. T. Rowe Price Investment Management Inc. purchased a new position in shares of Keurig Dr Pepper in the fourth quarter worth about $727,667,000. Norges Bank purchased a new stake in Keurig Dr Pepper during the 4th quarter valued at about $568,361,000. Capital International Investors grew its stake in Keurig Dr Pepper by 1,987.4% during the 4th quarter. Capital International Investors now owns 16,858,031 shares of the company’s stock valued at $472,193,000 after acquiring an additional 16,050,437 shares in the last quarter. Wellington Management Group LLP raised its holdings in Keurig Dr Pepper by 37.0% in the 4th quarter. Wellington Management Group LLP now owns 57,003,344 shares of the company’s stock valued at $1,596,664,000 after acquiring an additional 15,393,753 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Keurig Dr Pepper by 285.3% in the 4th quarter. AQR Capital Management LLC now owns 11,636,027 shares of the company’s stock valued at $325,925,000 after acquiring an additional 8,615,869 shares during the last quarter. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KDP shares. BNP Paribas Exane upgraded Keurig Dr Pepper from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Wednesday, April 22nd. Evercore set a $30.00 price target on Keurig Dr Pepper in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research lowered Keurig Dr Pepper from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company set a $37.00 target price on Keurig Dr Pepper in a report on Wednesday, July 1st. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.40.

Check Out Our Latest Stock Report on Keurig Dr Pepper

Keurig Dr Pepper Price Performance

Shares of KDP stock opened at $31.12 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. The company has a market capitalization of $42.34 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.42 and a beta of 0.40. The firm’s 50-day moving average is $31.10 and its two-hundred day moving average is $29.04. Keurig Dr Pepper, Inc has a 12 month low of $24.88 and a 12 month high of $35.94.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, June 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

About Keurig Dr Pepper

(Free Report)

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.