California Public Employees Retirement System Has $98.91 Million Stock Holdings in Keurig Dr Pepper, Inc $KDP

California Public Employees Retirement System trimmed its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 13.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,877,262 shares of the company’s stock after selling 599,268 shares during the quarter. California Public Employees Retirement System’s holdings in Keurig Dr Pepper were worth $98,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KDP. AlphaCore Capital LLC acquired a new stake in Keurig Dr Pepper during the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in shares of Keurig Dr Pepper in the third quarter worth about $26,000. Clearstead Trust LLC boosted its holdings in shares of Keurig Dr Pepper by 98.3% in the third quarter. Clearstead Trust LLC now owns 1,081 shares of the company’s stock worth $28,000 after buying an additional 536 shares during the period. Mather Group LLC. purchased a new position in shares of Keurig Dr Pepper in the third quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Keurig Dr Pepper by 71.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Keurig Dr Pepper Price Performance

NASDAQ KDP opened at $27.55 on Tuesday. The company has a 50 day simple moving average of $28.38 and a 200-day simple moving average of $27.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.43. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.33. Keurig Dr Pepper, Inc has a 52-week low of $25.03 and a 52-week high of $36.12.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.35 billion. Keurig Dr Pepper had a net margin of 12.52% and a return on equity of 11.14%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 earnings per share. Keurig Dr Pepper has set its FY 2026 guidance at 2.130-2.170 EPS. Equities research analysts predict that Keurig Dr Pepper, Inc will post 1.92 earnings per share for the current fiscal year.

Keurig Dr Pepper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued 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, March 27th. Keurig Dr Pepper’s payout ratio is currently 60.13%.

Analyst Upgrades and Downgrades

KDP has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Keurig Dr Pepper from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Piper Sandler lifted 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 report on Monday, December 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Keurig Dr Pepper in a research note on Wednesday, January 28th. Barclays increased their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Finally, UBS Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Keurig Dr Pepper in a research report on Thursday, February 26th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Keurig Dr Pepper presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

Keurig Dr Pepper Company 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.