Keurig Dr Pepper, Inc $KDP Stake Lifted by South Dakota Investment Council

South Dakota Investment Council boosted its stake in Keurig Dr Pepper, Inc (NASDAQ:KDP) by 46.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,200 shares of the company’s stock after buying an additional 19,900 shares during the period. South Dakota Investment Council’s holdings in Keurig Dr Pepper were worth $1,664,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new position in shares of Keurig Dr Pepper during the fourth quarter worth about $26,000. Meeder Asset Management Inc. increased its holdings in shares of Keurig Dr Pepper by 358.0% in the 1st quarter. Meeder Asset Management Inc. now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 759 shares during the period. Activest Wealth Management lifted its position in Keurig Dr Pepper by 5,642.1% in the 4th quarter. Activest Wealth Management now owns 1,091 shares of the company’s stock valued at $31,000 after purchasing an additional 1,072 shares during the last quarter. Washington Trust Advisors Inc. bought a new stake in Keurig Dr Pepper in the 4th quarter valued at about $31,000. Finally, Rossby Financial LCC boosted its stake in Keurig Dr Pepper by 45.1% during the 4th quarter. Rossby Financial LCC now owns 1,090 shares of the company’s stock valued at $31,000 after purchasing an additional 339 shares during the period. 93.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on KDP shares. Citigroup upped their target price on shares of Keurig Dr Pepper from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group boosted their price objective on Keurig Dr Pepper from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on Keurig Dr Pepper from $33.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded Keurig Dr Pepper from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Barclays upgraded Keurig Dr Pepper from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $30.00 to $36.00 in a research report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.40.

Keurig Dr Pepper Stock Performance

NASDAQ:KDP opened at $31.12 on Friday. The firm has a market cap of $42.34 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.40. Keurig Dr Pepper, Inc has a twelve month low of $24.88 and a twelve month high of $35.94. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average of $31.10 and a 200-day moving average of $29.03.

Keurig Dr Pepper Announces Dividend

The firm 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 payout ratio is currently 68.15%.

About Keurig Dr Pepper

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.