Oregon Public Employees Retirement Fund Boosts Holdings in Keurig Dr Pepper, Inc $KDP

Oregon Public Employees Retirement Fund increased its holdings in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 32.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 155,313 shares of the company’s stock after acquiring an additional 38,004 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Keurig Dr Pepper were worth $3,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Truist Financial Corp lifted its position in Keurig Dr Pepper by 15.2% during the second quarter. Truist Financial Corp now owns 302,093 shares of the company’s stock valued at $9,987,000 after purchasing an additional 39,916 shares during the last quarter. LBP AM SA increased its holdings in shares of 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 buying an additional 519,851 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of 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. State of Michigan Retirement System lifted its holdings in shares of Keurig Dr Pepper by 14.0% during the 2nd quarter. State of Michigan Retirement System now owns 369,300 shares of the company’s stock worth $12,209,000 after acquiring an additional 45,400 shares during the last quarter. Finally, Callan Family Office LLC grew its position in Keurig Dr Pepper by 290.4% in the second quarter. Callan Family Office LLC now owns 28,458 shares of the company’s stock worth $941,000 after acquiring an additional 21,168 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

Insider Buying and Selling

In other news, VP Angela A. Stephens sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the vice president directly owned 54,200 shares of the company’s stock, valued at approximately $1,599,984. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

KDP has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Keurig Dr Pepper from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. TD Cowen reduced their price objective on Keurig Dr Pepper from $36.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Bank of America dropped their target price 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. Piper Sandler upped their target price on 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, UBS Group reiterated a “buy” rating and set a $35.00 price target on shares of Keurig Dr Pepper in a research report on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Keurig Dr Pepper has a consensus rating of “Hold” and an average target price of $34.87.

Keurig Dr Pepper Stock Up 0.7%

Shares of NASDAQ:KDP opened at $27.79 on Friday. The stock’s 50-day moving average is $27.76 and its 200 day moving average is $29.41. The company has a market cap of $37.75 billion, a PE ratio of 23.96, a P/E/G 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. Keurig Dr Pepper, Inc has a 1 year low of $25.03 and a 1 year high of $36.12.

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

Keurig Dr Pepper Announces Dividend

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

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.